BSECompany Update5d ago · 12 Aug 2026, 04:27 pm

State of Deviation & Variation in Funds raised from IPO for the quarter ended June 30, 2026

Innovision Ltd · 544732

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Innovision Ltd has filed a statement with the BSE and NSE regarding deviations and variations in the utilization of funds raised through its initial public offer (IPO) for the quarter ended June 30, 2026. The company has utilized 510 million for repayment of borrowings, 161.54 million for working capital requirements, and 1.36 million for general corporate purposes. The deviations are attributed to changes in the objects or purposes for which the funds were raised.

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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Innovision Ltd - 544732 - Statement Of Deviation & Variation In Funds Raised From IPO For The Quarter Ended June 30, 2026 Issued By CRISIL Ratings Limited

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Date: 12.08.2026 To, To, The Manager The Manager, Listing Department Listing Department BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot C/1, Dalal Street, Mumbai-400 001 G Block, Bandra-Kurla Complex BSE Code: 544732 Mumbai – 400 051. NSE Code: INNOVISION Sub: Statement of Deviations and Variations under Regulation 32(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 32(1)(a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed a statement showing any deviation or variation as on Quarter ended 30th June, 2026 for utilization of funds raised though public issue. This is for your information and record. Yours sincerely, For, Innovision Limited Name: Jyoti Sachdeva Company Secretary & Compliance Officer M. No-A22176 INNOVISION LIMITED ISO 9001: 2008 | ISO/IEC 27001: 2005 | ISO 14001:2015 | OHSAS 18001:2007 | CIN NO. U74910DL2007PLC157700 Corp. Office: Plot No 251, 1st Floor, Udyog Vihar, Phase 4, Gurugram-122015, Haryana. | Regd. Office: 1/209, First Floor Sadar Bazar, Delhi Cantt Delhi-110010 0124-4387354/2341602, | 0124-2340186, | info@innovision.co.in, | www.innovision.co.in Statement of Deviation / Variation in utilization of funds raised Name of Listed Entity Innovision Limited Mode of Fund Raising Initial Public Offer Date of Raising Funds 23rd March 2026 Amount Raised Gross Proceeds of the Fresh Issue- 2,550 Million Net Proceeds- 2097.99 Million Report Filed for Year ended 30th June, 2026 Monitoring Agency CRISIL Ratings Limited Is there a Deviation/Variation in No use of funds raised If yes, whether the same is N.A pursuant to change in terms of a contract or objects, which was approved by shareholders If Yes, Date of shareholder N.A approval Explanation for the Deviation / N.A Variation Comments of the Audit Committee N.A. after the review Comments of the auditors, if any N.A Objects for which funds have been raised and where there has been a deviation, in the following table Original Object Modified Object, If Original Modified Fund Utilised Amount of Comments any Allocation allocation Deviation / of the if any Variation Monitoring for the Agency quarter according to applicable object 1. Repayment or prepayment, in N.A. 510.00 Million N A. 510.00 Million N.A. Proceeds part or full of all or certain were fully borrowings availed by the utilised Company during quarter ended March 31, 2026 2. Funding Working capital N.A. 1,190.00 Million N.A. 161.54 Million N.A. Proceeds Requirements of the Company have been utilised towards EPFO, ESCI, GST security deposit paid to NHAI (National Highways Authority of India) for the Khiriya Fee Plaza contract 3. General Corporate Purposes N.A. 397.99 Million N.A. 1.36 Million N.A. Proceeds utilised towards bank charges for issuance of Bank Guarantee Deviation or variation could mean: a. Deviation in the objects or purposes for which the funds have been raised for b. Deviation in the amount of funds actually utilized as against what was originally disclosed or c. Change in terms of a contract referred to the fund raising documents i.e. prospectus, letter of offer, etc.