Nil deviation and nil variation in use of issue proceeds for quarter ended September 30, 2026
Anantam Highways Trust has submitted its quarterly statement of deviation/variation in the use of its issue proceeds.
By ScoutQuest · · 1 min read
- Deviation from Objects
- Nil
- Category-wise Variation
- Nil
- IPO Size
- Rs. 4,000 million
What the update says
The trust has submitted its statement of deviation or variation in the use of issue proceeds for the quarter ended September 30, 2026. This is a regular quarterly disclosure made by listed investment vehicles about how the money raised from investors is actually being spent.
The two tests and the answer
- Deviation from the objects: the update records Nil. This compares actual spending against the purposes stated in the Final Offer Document dated October 13, 2025.
- Category-wise variation: the update records Nil. This compares the projected utilisation of funds set out in the offer document with the actual utilisation across categories.
The offer size
The Initial Public Offer of units of Anantam Highways Trust aggregated to Rs. 4,000 million. This is the corpus against which the utilisation is being reported.
Why this matters to a unitholder
- When a trust raises money, it tells investors in advance what the money will be used for. Comparing that promise with actual spending is one of the basic checks available to a retail unitholder.
- A Nil deviation and Nil variation entry indicates that, for this quarter, reported utilisation is in line with the stated objects and the projected categories.
- It is a routine, periodic disclosure rather than an event in the business of the trust. It does not by itself describe toll collection, traffic, project progress or distributions.
How to read it
The disclosure is essentially a confirmation on fund usage for one quarter. It tells you about the direction of the money raised, not about the operating performance of the highway assets. Readers who track the trust would typically read this alongside the periodic financial results and distribution announcements to form a fuller picture.
Also from Anantam Highways Trust
Investor presentation for the quarter ended September 30, 2026: distribution of Rs 2.75 per unit
24 Oct 2026
Half-yearly report for the half year ended September 30, 2026: board, committee and unitholder meeting details
23 Oct 2026
Revised notice: earnings conference call for the quarter ended September 30, 2026, with a working link
23 Oct 2026
More numbers
- Initial Public Offer of units aggregating toRs. 4,000 million
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