Airfloa Rail Technology Ltd

Airfloa Rail Technology Ltd

Airfloa Rail Technology Ltd has disclosed a Monitoring Agency Report pursuant to Regulation - 32(6) of SEBI (LODR) and Regulation - 262 (2) of SEBI (ICDR) Regulations, detailing the utilization of funds raised through Initial Public Offering (IPO) for the quarter ended June 30, 2026.

Airfloa Rail Technology Ltd

Airfloa Rail Technology Ltd has submitted a statement of deviation and variation for the quarter ended June 30, 2026, stating that there are no deviations or variations in the utilization of the proceeds from its initial public offer (IPO). The company has utilized Rs. 7,808.10 lakhs out of the net proceeds of Rs. 8,884.80 lakhs, and the remaining amount is held in fixed deposits and the monitoring agency account.

Airfloa Rail Technology Ltd

Airfloa Rail Technology Ltd has announced the outcome of its board meeting, where it considered and approved the formation of a subsidiary company to undertake business in the fields of defence, aerospace, homeland security, and allied engineering activities. The company also reviewed and noted the statement of deviation or variation in utilization of proceeds from the Initial Public Offer (IPO) for the quarter ended June 30, 2026.

Airfloa Rail Technology Ltd

Airfloa Rail Technology Ltd has received new orders worth Rs. 107.42 Lakhs from the Office of the Dy Chief Materials Manager, Eastern Railway, Liluah, Howrah. The orders are for the supply of Arm Rest of VB Train Set and Gas Spring of VB Train Set Economic Seat, with a total value of Rs. 15.29 Lakhs and Rs. 22.63 Lakhs respectively. The orders are to be completed within 45 days and payment terms are 100% on receipt, inspection, and acceptance of materials by the consignee at destination.