India IPO SEBI DRHP Activity Filings — May 29, 2026

29-05-2026

Popular Foundations Limited filed a statement confirming no deviation or variation in the use of IPO proceeds for the half year ended March 31, 2026. The company raised ₹1,986.90 Lakhs through its IPO on September 20, 2024, and has fully utilized the entire amount towards stipulated objects including debt repayment, working capital, general corporate purposes, and issue expenses, with zero unutilized funds remaining.

• · Company IPO listing date of equity shares on BSE was September 20, 2024 (date of allotment).
• · Monitoring Agency is Not Applicable.
• · Audit Committee reviewed the deviation statement and found nil comments; auditors also had nil comments.
• · Total funds raised exactly match total funds utilized at ₹1,986.90 Lakhs, leaving zero unutilized balance.
• · No deviation or variation has occurred in the use of IPO funds as per Regulation 32 of SEBI Listing Regulations.

29-05-2026

Mercury Ev-Tech Limited announced that its 189,973,058 equity shares of Re. 1 each will be listed and admitted to dealings on the National Stock Exchange of India (NSE) effective June 2, 2026, under the symbol 'MERCURYEV'. The shares will initially trade in the 'BE' series under the Trade-for-Trade segment, with 3,400,000 shares locked in until July 31, 2026.

• · The listing is effective from June 2, 2026.
• · The scrip will remain in the Trade-for-Trade segment (BE series) until further notice.
• · A total of 3,400,000 shares are locked in until July 31, 2026; the remaining 186,573,058 shares are free from lock-in.
• · The company must use NEAPS for all future filings and communications with NSE.
• · NSE has launched a NEAPS mobile app for tracking compliance and stock performance.

29-05-2026

Cian Healthcare Limited has informed BSE that the requirement to submit an Annual Secretarial Compliance Report for FY ended March 31, 2026, is not applicable to the company, as its specified securities are listed on the SME platform of BSE. This exemption is in line with Regulation 15(2)(b) of the SEBI Listing Regulations and relevant SEBI circulars. The disclosure has been uploaded on the company's website.

• · The company's BSE Scrip Code is 542678 and Trading Symbol is CHCL.
• · The exemption is based on Regulation 15(2)(b) of the SEBI Listing Regulations, read with SEBI Master Circular dated January 30, 2026, and SEBI Circular dated February 08, 2019.
• · The disclosure has been uploaded on the company's website at https://cian.co/.

29-05-2026

Modipon Limited disclosed the list of Key Managerial Personnel (KMPs) authorized to determine materiality of events and make disclosures to stock exchanges under SEBI LODR Regulations. The authorized KMPs are Manish Modi (Chairman & Managing Director) and Vineet Kumar Thareja (Chief Compliance Officer, CFO & Company Secretary).

• · The disclosure is made under Regulation 30(5) of SEBI LODR Regulations, 2015.
• · Contact details provided: email vkthareja@modimangal.in, phone +91 9582388706.
• · Company CIN: L65993UP1965PLC003082, website www.modipon.net.

29-05-2026

Rubicon Research Limited has extended the timeline for utilising unutilised IPO proceeds of INR 1,476.28 Million by one year, up to March 31, 2027, as approved by the Board on May 29, 2026. As of March 31, 2026, the company had utilised INR 3,236.46 Million out of the proposed INR 4,712.74 Million from net proceeds, leaving a significant unutilised balance. The delay is attributed to ongoing negotiations for debt repayment, careful evaluation of strategic investment opportunities, and dynamic management of general corporate purposes.

• · The monitoring agency for the IPO proceeds is India Ratings & Research Private Limited.
• · The original deadline for utilisation of IPO proceeds was Fiscal Year 2026 (ending March 31, 2026).
• · The deviation/variation in the prepayment of borrowings object is INR 453.59 Million, and in the inorganic growth object is INR 1,022.69 Million.
• · The company clarified there is no change in the objects of the issue as stated in the Offer Document.
• · The IPO was raised on October 16, 2025.

29-05-2026

Toss The Coin Limited filed a statement of deviation/variation in IPO fund utilization for the half year ended March 31, 2026, confirming no deviation from the stated objects. The company raised ₹917.28 Lakh via its IPO on December 13, 2024, and has utilized ₹339.42 Lakh of the net proceeds as of the reporting period, with significant underspending in working capital (₹20 Lakh utilized out of ₹200 Lakh allocated) and microservices application development (₹159.73 Lakh utilized out of ₹294.73 Lakh allocated).

• · No deviation or variation in the use of IPO funds was reported for the half year ended March 31, 2026.
• · Funds allocated for opening new offices (₹120 Lakh) have not been utilized at all (₹0 Lakh).
• · Working capital utilization is only 10% of the allocated amount (₹20 Lakh out of ₹200 Lakh).
• · Microservices application development spending is about 54% of allocation (₹159.73 Lakh out of ₹294.73 Lakh).
• · General corporate purposes spending is about 34% of allocation (₹74.69 Lakh out of ₹217.55 Lakh).
• · Public issue related expenses were fully utilized (₹85 Lakh out of ₹85 Lakh).

29-05-2026

Kanishk Aluminium India Ltd filed a statement under Regulation 32 of SEBI (LODR) Regulations confirming no deviation in the utilization of IPO proceeds of ₹2,920.00 Lakh raised through an IPO of 40,00,000 equity shares. The audit committee and auditors have noted no variation from the objects stated in the prospectus dated January 20, 2026. However, the amount of ₹79.75 Lakh allocated for branding of 'Baari' remains unutilized as of March 31, 2026, due to unforeseen circumstances, with plans to utilize it in forthcoming quarters.

• · The IPO was of 40,00,000 equity shares with face value of ₹10 each.
• · Funds were raised on February 2, 2026 (date of allotment).
• · No monitoring agency was appointed (N.A.).
• · The unutilized amount of ₹79.75 Lakh for branding of 'Baari' is proposed to be used in forthcoming quarters.
• · The company's CIN is U27109RJ2018PLC063198 and registered office is in Jodhpur, Rajasthan.

29-05-2026

Beezaasan Explotech Limited filed a statement with BSE confirming no deviation or variation in the utilization of IPO proceeds for the half year ended March 31, 2026, as per the objects stated in the Prospectus dated February 27, 2025. The statement was reviewed by the Audit Committee on May 29, 2026.

• · The statement was filed under Regulation 32 of SEBI (LODR) Regulations, 2015.
• · The Prospectus date is February 27, 2025.
• · The Audit Committee reviewed the statement on May 29, 2026.
• · BSE Scrip Code: 544369

29-05-2026

PropShare Titania SM REIT (PS Titania) filed a board meeting outcome on May 29, 2026, noting the resignation of Company Secretary Suhani Jain effective May 31, 2026, and the appointment of Swathi V M as her successor from June 1, 2026. The board also approved the appointment of ASA & Associates LLP as statutory auditors for FY 2026-27 to 2029-30 and Kzen Valtech Private Limited as independent valuer for FY 2026-27 to 2028-29, both subject to unitholder approval. No financial results or performance metrics were disclosed in this filing.

• · Resignation of Ms. Suhani Jain as Company Secretary effective May 31, 2026.
• · Appointment of Ms. Swathi V M as Company Secretary effective June 01, 2026.
• · Appointment of ASA & Associates LLP as statutory auditors for FY 2026-27 through 2029-30, subject to unitholder approval.
• · Appointment of Kzen Valtech Private Limited (IBBI registered) as independent valuer for FY 2026-27 through 2028-29, subject to unitholder approval.
• · Filing pertains to the second scheme (PS Titania) of Property Share Investment Trust, listed under scrip code 544462 on BSE.

29-05-2026

Yashhtej Industries (India) Ltd confirmed via regulatory filing (Regulation 32 of SEBI LODR) that there has been no deviation or variation in the utilization of IPO proceeds of ₹8,887.56 Lakh raised on February 23, 2026, as of quarter ended March 31, 2026. The funds have been utilized in line with the 'Objects of the Issue' with cumulative utilization of ₹3,048.33 Lakh, including ₹825 Lakh for capital expenditure, ₹610.57 Lakh for working capital, ₹718.57 Lakh for general corporate expenses, and ₹894.19 Lakh for issue-related expenses.

• · IPO allotment date: February 23, 2026
• · Audit Committee reviewed the statement on May 29, 2026
• · Monitoring agency: Brickwork Ratings India Private Limited
• · Original object allocations: Capital expenditure ₹6,388.29 Lakh, Working capital ₹610.57 Lakh, General corporate expenses ₹950.00 Lakh, Issue related expenses ₹938.70 Lakh
• · No modification of objects reported
• · Company was formerly known as Yashhtej Solvent Limited and Yashhtej Solvent Private Limited (CIN: U74999MH2018PLC310828)

29-05-2026

Chiraharit Limited filed a statement with BSE confirming no deviation or variation in the utilization of its IPO proceeds of ₹3,107.16 Lakh for the half-year ended March 31, 2026. While funds for repayment of borrowings (₹390.40 Lakh) and issue-related expenses (₹311.27 Lakh) were fully utilized, a significant portion of the capital expenditure allocation (₹391.89 Lakh) and working capital requirements (₹580.88 Lakh) remain unutilized and temporarily parked in bank fixed deposits, indicating slower-than-planned deployment of IPO funds.

• · IPO allotment date: 08th October 2025
• · Total IPO issue size: ₹31,07,16,000 (147,96,000 equity shares of face value Re.1 each at a premium of ₹20 each)
• · Audit Committee reviewed and noted no deviation in utilization of IPO proceeds
• · Statutory auditors (G P Associates) issued a certificate confirming no deviation
• · Unutilized funds are temporarily parked in bank fixed deposits for future use as per original objects

29-05-2026

AHAsolar Technologies Limited filed a statement with BSE confirming no deviation or variation in the use of its IPO proceeds of ₹1284.89 lacs raised on July 17, 2023, for the half year ended March 31, 2026. The Audit Committee reviewed the statement on May 28, 2026, and reported nil comments from auditors. All funds were utilized as per the original objects, with no modifications or shareholder approvals required.

• · The IPO was raised on July 17, 2023, and the statement covers the period ended March 31, 2026.
• · The allocation for Setting up Electric Vehicle Charging Infrastructure was modified from ₹32.50 Lakhs to ₹17.29 Lakhs, but this change was not classified as a deviation.
• · No monitoring agency was appointed for the IPO proceeds.
• · The Audit Committee reviewed the statement on May 28, 2026, and had nil comments.