BSECompany Update5d ago · 14 Aug 2026, 08:02 pm
Please find enclosed herewith the Statement of Deviation(s) or Variation(s) in respect of utilization of funds raised through preferential Issue of equity shares for the quarter ended June 30, 2026.
Ironwood Education Ltd · 508918
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Ironwood Education Ltd has filed a statement with BSE regarding the utilization of funds raised through a preferential issue of equity shares for the quarter ended June 30, 2026, stating that there is no deviation or variation in the use of funds.
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Ironwood Education Ltd - 508918 - Compliances- Statement Of Deviation & Variation For The Quarter Ended June 30, 2026
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August 14, 2026
The Department of Corporate Services
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street, Mumbai – 400001
Ref: Ironwood Education Limited/Scrip Code: 508918
Dear Sir,
Subject: Statement of Deviation or Variation in respect of Preferential Issue of Equity Shares
for the quarter ended June 30, 2026
Pursuant to Regulation 32(1) of SEBI (Listing Obligation and Disclosure Requirements)
Regulations, 2015 as amended from time to time, please find enclosed herewith the Statement
of Deviation(s) or Variation(s) in respect of utilization of funds raised through preferential issue
of equity shares for the quarter ended June 30, 2026.
Further, we hereby confirm that there is no deviation or variation in the utilization of funds
raised through the preferential issue of equity shares.
Kindly take the same on record.
Thanking you,
Yours Faithfully,
For Ironwood Education Limited
Dharmesh Parekh
Company Secretary
Membership No. A19545
Encl: as above
8, Gokul Regency II, B Wing, Thakur Complex, Off Western Express Highway,
Kandivali (East), Mumbai 400101, India Tel: 9833070186
CIN: L68100MH1983PLC030838, Email: cs@ironwoodworld.com, Website: www.ironwoodworld.com
Statement on Deviation or Variation for proceeds of Preferential Issue
Name of Listed Entity Ironwood Education Limited
Mode of Fund Raising Preferential Issue of Equity Shares
Date of Raising Fund January 22, 2026
Amount Raised Rs. 7,70,25,150/-
Report filed for Quarter ended June 30, 2026
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable Not Applicable
Is there a Deviation / Variation in use of funds Not Applicable
raised
If yes, whether the same is pursuant to change in Not Applicable
terms of a contract or objects, which was approved
by the shareholders
If Yes, Date of shareholder Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review This statement is placed before the Audit
Committee meeting held on August 14,
2026. The Audit Committee has noted that
there was no deviation or variation in the
use of funds raised by preferential issue of
equity shares.
Comments of the auditors, if any Not Appliable
Objects for which funds have been raised and
where there has been a deviation, in the following
table
Original Modified Original Modified Funds Amount of Remarks
Object Object, if Allocation allocation, Utilised Deviation/Variation if any
any if any for the quarter
according to
applicable object
To invest in NA 550.00 - 550.00 NA No
future growth Deviation
opportunities,
business
expansion
and real
estate
business
To grant NA 75.00 - 75.00 NA No
loans and/or Deviation
investment in
overseas
wholly owned
subsidiary
Working NA 100.00 - 68.50 NA No
Capital Deviation
8, Gokul Regency II, B Wing, Thakur Complex, Off Western Express Highway,
Kandivali (East), Mumbai 400101, India Tel: 9833070186
CIN: L68100MH1983PLC030838, Email: cs@ironwoodworld.com, Website: www.ironwoodworld.com
Requirement
for Education
Business
(India)
General NA 45.25 - 43.15 NA No
Corporate Deviation
Purpose
770.25 - 736.65
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(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 in the fund raising document i.e. prospectus, letter of
offer, etc.
For Ironwood Education Limited
Dharmesh Parekh
Company Secretary
Membership No. A19545
8, Gokul Regency II, B Wing, Thakur Complex, Off Western Express Highway,
Kandivali (East), Mumbai 400101, India Tel: 9833070186
CIN: L68100MH1983PLC030838, Email: cs@ironwoodworld.com, Website: www.ironwoodworld.com