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.
Analysis Scores
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.