Standard Surfactants Limited - chemicals and materials in Uttar Pradesh, India. FY 2026 financials & compliance.
CIN L24243UP1989PLC010950 Incorporated 13 July 1989 ROC Uttar Pradesh HQ Uttar Pradesh, India
Active Listed - BSE: 526231 Public Limited Company chemicals and materials MSME · Medium
Data last updated
Market Cap
₹109 Cr
STDSFAC · BSE
Share Price
₹125.60
-4.99% today
Revenue
₹117 Cr
FY 2018-19 · +34.6% YoY
EBITDA
₹2.69 Cr
Margin 2.3%
Net Profit
₹0.86 Cr
FY 2018-19 · -10.4% YoY
P/E (TTM)
49.6x
P/B 1.3x
ROE
6.0%
ROCE 8.0%
Debt / Equity
1.26
Interest cover 57.6x

About Standard Surfactants Limited

Data last updated:

Standard Surfactants Limited is a public limited company based in Uttar Pradesh, India. It operates in the surfactants and detergents segment of the chemicals and materials sector. It was incorporated on 13 July 1989 and has been in existence for over 37 years.

The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN L24243UP1989PLC010950. Its GSTIN is 09AABCS9608N1ZQ (Uttar Pradesh). The company holds 4 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 526231.

The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.23 Cr. It was formerly known as Standard Surfuctants Limited. It is led by directors including Pawan Kumar Garg (Managing Director) and Ankur Garg (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 8/15 Arya Nagar Kanpur, Uttar Pradesh, India – 208002.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹244.25 Cr, a growth of 43.9% compared to the previous year. For the same year it recorded a net profit of ₹3.32 Cr (net margin 1.4%) and EBITDA of ₹9.24 Cr (EBITDA margin 3.8%). The net worth stands at ₹32.63 Cr (up 11.4% YoY). Total assets are valued at ₹110.78 Cr (up 29.4% YoY).

The company has about 44 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Standard Surfactants. As per MCA filings, the company has open charges of ₹93.26 Cr and satisfied charges of ₹20.26 Cr on record. Court records list 51 cases involving the company, including 34 filed by the company and 17 filed against it; 7 cases are pending. The company has 1 deal on record (1 funding round); the latest was in October 2021.

Standard Surfactants Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-43-0022097). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website standardsurfactants.com.

Company details

CIN L24243UP1989PLC010950
Registration Number 010950
Incorporation Date 13 July 1989
ROC Uttar Pradesh
Listing Status Listed - Listed on BSE (526231)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-UP-43-0022097

Recognitions & Rankings of Standard Surfactants

MSME (Udyam registered) Ministry of MSME
Category
Medium (2023-24)
Udyam number
UDYAM-UP-43-0022097

Contact details

Standard Surfactants Limited's registered office is in Uttar Pradesh. Its website is standardsurfactants.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    8/15 Arya Nagar Kanpur, Uttar Pradesh, India – 208002
  • Industry
    Chemicals and Materials, Surfactants & Detergents

To see the full contact details of Standard Surfactants Limited, buy the company report.

Comprehensive company report
Standard Surfactants Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Standard Surfactants operates one associated brand: Standard Surfactants. Each brand links to its own profile.

BrandDescriptionWebsite
Standard Surfactants is engaged in developing sustainable surfactant solutions.standardsurfactants.com

Business activity

The main business activities of Standard Surfactants are trade and manufacturing. In detail, this covers wholesale trading and chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Standard Surfactants Limited, buy the company report.

Financials of Standard Surfactants Limited

FY 2025-26 filings available

Standard Surfactants Limited reported revenue of ₹244.25 Cr (up 43.9% YoY) for FY 2025-26.

Financial Highlights

FY 2018-19 · Consolidated
Revenue
₹117 Cr
+34.6% YoY
EBITDA
₹2.69 Cr
+8.5% YoY
Profit After Tax
₹0.86 Cr
-10.4% YoY
Net Worth
₹14.30 Cr
+6.2% YoY
Total Assets
₹32.53 Cr
+5.7% YoY
Total Debt
₹17.88 Cr
+5.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Income statement
Revenue11787.0954.9244.1353.37
Revenue growth+34.6%+58.6%+24.5%-17.3%-
EBITDA2.692.481.762.002.85
EBITDA margin+2.3%+2.9%+3.2%+4.5%+5.3%
Profit before tax1.240.990.400.650.68
Net profit0.860.960.210.440.54
Net profit margin+0.7%+1.1%+0.4%+1.0%+1.0%
EPS (₹)1.171.360.270.610.66
Balance sheet
Total assets32.5330.7827.7922.7720.11
Net worth14.3013.4712.5112.5712.13
Total debt17.8817.0015.0510.197.95
Cash & bank3.782.381.011.751.25
Net working capital24.8223.2718.8014.9811.53
Cash flow
Cash from operations0.000.00(0.02)3.214.56
Cash from investing0.000.000.540.03(0.01)
Cash from financing0.000.00(0.77)(3.06)(3.73)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue24417013115212592.3782.60
Revenue growth+43.9%+29.8%-14.2%+22.4%+34.8%+11.8%-
EBITDA9.244.122.883.043.984.101.98
EBITDA margin+3.8%+2.4%+2.2%+2.0%+3.2%+4.4%+2.4%
Profit before tax4.652.561.852.103.213.130.87
Net profit3.321.381.471.572.462.190.78
Net profit margin+1.4%+0.8%+1.1%+1.0%+2.0%+2.4%+0.9%
EPS (₹)4.051.861.802.043.463.061.26
Balance sheet
Total assets11185.6261.1250.7342.3140.0135.21
Net worth32.6329.3027.7824.4121.1917.5815.38
Total debt67.8255.9533.0025.9620.7822.0719.44
Cash & bank4.421.330.8211.385.166.438.92
Net working capital59.0442.2736.2741.6534.1132.0628.23
Cash flow
Cash from operations(2.58)1.66(1.99)0.251.32(4.04)3.89
Cash from investing(5.16)(20.64)(7.16)(4.45)(0.06)2.49(6.28)
Cash from financing10.0319.047.835.55(1.88)1.450.65
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue10273.8264.5352.8853.0247.3941.0245.44
Revenue growth (YoY)+93.1%+55.8%+57.3%+16.4%+47.6%---
Other income0.421.130.640.400.63(0.53)1.200.35
Total expenses92.1469.1362.5851.5251.7944.0740.8745.40
EBITDA10.244.691.951.361.233.320.150.04
EBITDA margin+10.0%+6.4%+3.0%+2.6%+2.3%+7.0%+0.4%+0.1%
Depreciation0.610.710.640.640.500.190.500.24
Interest1.641.621.231.310.760.430.520.43
Profit before tax8.413.490.72(0.19)0.602.170.33(0.28)
Tax2.120.970.24(0.04)0.150.860.16(0.01)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 31 Oct 2026
ParticularsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Revenue11787.0954.9244.1353.37
Revenue growth+34.6%+58.6%+24.5%-17.3%-
Other income0.290.190.760.790.28
Total expenses11584.6153.1642.1350.52
Employee cost1.881.731.591.471.41
EBITDA2.692.481.762.002.85
EBITDA margin+2.3%+2.9%+3.2%+4.5%+5.3%
Depreciation0.450.470.500.640.86
Interest1.291.211.621.501.59
Profit before tax1.240.990.400.650.68
Tax0.400.030.220.210.23
Net profit0.860.960.210.440.54
Net profit margin+0.7%+1.1%+0.4%+1.0%+1.0%
EPS (₹)1.171.360.270.610.66
ParticularsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Equity & liabilities
Share capital7.117.117.117.117.11
Reserves & surplus7.196.365.405.465.02
Shareholders' funds (net worth)14.3013.4712.5112.5712.13
Minority interest0.000.000.000.000.00
Secured loans16.9311.8210.009.997.62
Unsecured loans0.955.185.050.200.33
Total debt17.8817.0015.0510.197.95
Total liabilities32.5330.7827.7922.7720.11
Assets
Gross block29.0828.8428.5929.2330.94
Net block6.656.706.937.548.43
Capital work in progress0.000.000.000.000.00
Investments0.720.430.430.670.67
Inventories4.774.252.493.552.74
Sundry debtors21.2020.7514.269.396.82
Cash & bank balances3.782.381.011.751.25
Loans & advances2.712.574.024.927.27
Total current assets32.4629.9521.7819.6118.08
Total current liabilities7.646.682.984.636.55
Net working capital24.8223.2718.8014.9811.53
Total assets32.5330.7827.7922.7720.11
ParticularsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Opening cash0.000.000.851.220.40
Net cash from operating activities0.000.00(0.02)3.214.56
Net cash from investing activities0.000.000.540.03(0.01)
Net cash from financing activities0.000.00(0.77)(3.06)(3.73)
Net change in cash0.000.00(0.25)0.180.82
Closing cash3.782.381.011.751.25
ParticularsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Growth
Sales growth+34.6%+58.6%+24.5%-17.3%-
EBITDA growth+8.5%+40.9%-12.0%-29.8%-
PBT growth+25.3%+147.5%-38.5%-4.4%+9997.0%
Net income growth-10.4%+357.1%-52.3%-18.5%-
Revenue CAGR (3Y)+38.5%+17.7%---
EBITDA CAGR (3Y)+10.4%-4.5%---
Profitability & leverage
Net income margin+0.7%+1.1%+0.3%+1.0%+0.8%
Return on capital employed+8.0%+7.6%+8.4%+10.0%+11.9%
Return on net worth+6.0%+7.5%+1.8%+3.5%+4.5%
Debt / equity1.261.231.010.730.66
Long-term debt / equity0.070.090.050.030.04
Interest cover57.5960.20128.57110.2979.90
Efficiency & per share
Fixed asset turnover4.053.102.151.832.29
Inventory turnover26.0026.4120.5917.5525.86
Debtors turnover5.595.085.266.8110.39
EPS (₹)1.171.360.270.610.66
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)20.1118.9517.5917.6717.06
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue10273.8264.5352.8853.0247.3941.0245.44
Revenue growth (YoY)+93.1%+55.8%+57.3%+16.4%+47.6%---
Other income0.421.130.640.400.63(0.53)1.200.35
Total expenses92.1469.1362.5851.5251.7944.0740.8745.40
EBITDA10.244.691.951.361.233.320.150.04
EBITDA margin+10.0%+6.4%+3.0%+2.6%+2.3%+7.0%+0.4%+0.1%
Depreciation0.610.710.640.640.500.190.500.24
Interest1.641.621.231.310.760.430.520.43
Profit before tax8.413.490.72(0.19)0.602.170.33(0.28)
Tax2.120.970.24(0.04)0.150.860.16(0.01)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue24417013115212592.3782.60
Revenue growth+43.9%+29.8%-14.2%+22.4%+34.8%+11.8%-
Other income2.801.160.510.700.600.390.34
Total expenses23516612814912188.2780.62
Employee cost0.002.852.522.312.311.901.97
EBITDA9.244.122.883.043.984.101.98
EBITDA margin+3.8%+2.4%+2.2%+2.0%+3.2%+4.4%+2.4%
Depreciation2.481.060.390.430.420.410.43
Interest4.911.661.151.210.950.951.02
Profit before tax4.652.561.852.103.213.130.87
Tax1.331.010.370.530.740.94(0.04)
Net profit3.321.381.471.572.462.190.78
Net profit margin+1.4%+0.8%+1.1%+1.0%+2.0%+2.4%+0.9%
EPS (₹)4.051.861.802.043.463.061.26
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital8.238.238.237.637.117.117.11
Reserves & surplus24.4021.0719.5516.1512.9110.478.27
Shareholders' funds (net worth)32.6329.3027.7824.4121.1917.5815.38
Secured loans56.3145.1329.5521.8316.9818.3816.44
Unsecured loans11.5110.823.454.133.803.693.00
Total debt67.8255.9533.0025.9620.7822.0719.44
Total liabilities11185.6261.1250.7342.3140.0135.21
Assets
Gross block44.9830.3730.4230.2129.9329.2029.63
Net block44.9830.376.466.576.726.426.81
Capital work in progress0.0012.8216.460.430.000.210.00
Investments0.000.000.000.000.160.000.00
Inventories17.1710.456.938.167.797.953.23
Sundry debtors35.7233.0328.4527.4724.3019.6017.03
Cash & bank balances4.421.330.8211.385.166.438.92
Loans & advances19.3110.9511.137.325.654.854.93
Total current assets76.6255.7647.3354.3342.9038.8334.11
Total current liabilities17.5813.4911.0612.688.796.775.88
Net working capital59.0442.2736.2741.6534.1132.0628.23
Total assets11185.6261.1250.7342.3140.0135.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.230.171.490.130.740.842.58
Net cash from operating activities(2.58)1.66(1.99)0.251.32(4.04)3.89
Net cash from investing activities(5.16)(20.64)(7.16)(4.45)(0.06)2.49(6.28)
Net cash from financing activities10.0319.047.835.55(1.88)1.450.65
Net change in cash2.290.06(1.32)1.36(0.61)(0.10)(1.73)
Closing cash4.421.330.8211.385.166.438.92
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+43.9%+29.8%-14.2%+22.4%+34.8%+11.8%-
EBITDA growth+124.3%+43.1%-5.3%-23.6%-2.9%+107.1%-
PBT growth+81.6%+38.4%-11.9%-34.6%+2.6%+259.8%-30.4%
Net income growth+140.6%-6.1%-6.4%-36.2%+12.3%+180.8%-
Revenue CAGR (3Y)+17.0%+10.9%+12.3%+22.7%+2.0%+2.0%+14.6%
EBITDA CAGR (3Y)+44.9%+1.2%-11.1%+15.4%+13.8%+18.2%-0.3%
Profitability & leverage
Net income margin+1.4%+0.9%+1.1%+1.0%+2.0%+2.4%+1.1%
Return on capital employed-+5.3%+5.4%+7.1%+10.1%+10.8%+5.1%
Return on net worth-+4.8%+5.7%+6.8%+12.7%+13.2%+5.2%
Debt / equity-1.561.131.021.101.261.25
Long-term debt / equity-0.760.430.270.320.260.11
Interest cover72.6354.2546.1846.3626.6925.7565.81
Efficiency & per share
Fixed asset turnover-4.204.325.074.213.142.81
Inventory turnover-19.5417.3419.1115.8316.5220.65
Debtors turnover-5.524.685.895.675.044.32
EPS (₹)4.051.861.802.043.463.061.26
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0035.6233.7631.1728.1524.7221.63

To see the full year-wise statements and ratios of Standard Surfactants Limited, buy the company report.

Board of directors of Standard Surfactants Limited

Standard Surfactants has 5 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rajinder Pal SinghDirector14 Feb 20197 Years 8 MonthsCurrent
Ankur GargWhole-Time Director26 Jul 200719 Years 3 MonthsCurrent
Pawan Kumar GargManaging Director13 Jul 198937 Years 3 MonthsCurrent
Sahajdeep Singh TutejaDirector12 Apr 20233 Years 6 MonthsCurrent
Neelu KamboDirector10 Apr 20251 Years 6 MonthsCurrent

Auditor

Standard Surfactants Limited is audited by ATUL GARG & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
ATUL GARG & ASSOCIATESFY 2023001544C

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 62.10%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.10% and retail and other public shareholders hold 37.80%.

Promoters: 62.10%DII (Domestic Institutional): 0.10%Retail & Others: 37.80%
Sep 2026
QUARTER
62.10% Promoters
0.10% DII (Domestic Institutional)
37.80% Retail & Others
Promoter holding - history
Now 62.10% · Sep 2026High 62.10% · Dec 2025Low 62.10% · Dec 2025
61%61.8%62.5%63.3%64%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 62.10%Mar 2026: 62.10%Jun 2026: 62.10%Sep 2026: 62.10%62.10%62.10%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters62.10%62.10%62.10%62.10%
Public37.90%37.90%37.90%37.90%

Charges & borrowings

Open charges
₹93.26 Cr
Satisfied charges
₹20.26 Cr
Breakdown by lending institutions
State Bank of India₹65.75 Cr
Hdfc Bank Limited₹27.23 Cr
Others₹0.15 Cr
Kotak Mahindra Prime Limited₹0.13 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
04 Dec 2025101207590Hdfc Bank Limited₹27.23 CrOpen
01 Jul 2022100600924Others₹15 LakhOpen
20 Jul 2012100797348Kotak Mahindra Prime Limited₹12.96 LakhOpen
05 Apr 199080044721State Bank of India₹65.75 CrOpen
30 Sep 2017100148252Others₹6.8 LakhSatisfied

To see the full charge records of Standard Surfactants Limited, buy the company report.

Total charge records: 17 View all charges

Deals & funding

Standard Surfactants Limited has 1 deal on record (1 funding round); the latest was in October 2021.

Total deals
1
Funding round
1

Deals on record (1 of 1)

WhenDealAmountParties
Oct 2021Funding roundUndisclosedInvestors: 3 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Standard Surfactants Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Standard Surfactants Limited has a workforce of 44 employees on its EPFO records as of Mar 29, 2024, across 4 active EPFO establishments.

Employee count
44
Active EPFO establishments
4
Employee growth
4.76%

GST

Standard Surfactants has 4 GST registrations: 2 active and 2 cancelled or inactive.

Total GSTINs
4
Active
2
Cancelled / inactive
2
GSTINStateStatusRegistered on
09AABCS9608N1ZQUttar PradeshActive01 Jul 2017
23AABCS9608N2ZZMadhya PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Standard Surfactants Limited, buy the company report.

Recent activity

Standard Surfactants Limited has 24 board changes on record since 1989: 15 appointments and 9 cessations. The latest: Neelu Kambo was appointed as Director on 10 Apr 2025.

Charges
A charge with State Bank Of India of Rs. 65.75 Cr registered on 05 Apr 1990 with Charge ID 80044721 was modified on 29 May 2026.
Filing
Standard Surfactants Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Uttar Pradesh I.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 27.23 Cr with Charge ID 101207590 was registered on 04 Dec 2025.
AGM
Standard Surfactants Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Neelu Kambo was appointed as Director.
Charges
A charge registered on 24 Jul 2013 via Charge ID 100797442 with Kotak Mahindra Prime Limited was fully satisfied on 18 Mar 2025.
Charges
A charge registered on 14 May 2012 via Charge ID 100797414 with Kotak Mahindra Prime Limited was fully satisfied on 23 Jan 2025.
Ceased
Bijal Yogesh Durgavale ceased to be Director.
Charges
A charge registered on 16 Aug 2012 via Charge ID 100797359 with Kotak Mahindra Prime Limited was fully satisfied on 06 Mar 2024.
Charges
A charge registered on 22 Sep 1997 via Charge ID 80065099 with United Mercantile Co-Operative Bank Limited was fully satisfied on 05 Mar 2024.
Appointed
Sahajdeep Singh Tuteja was appointed as Director.
Ceased
Gopal Dass Agarwal ceased to be Director.

48 earlier events are in the company report.

Frequently asked questions

Standard Surfactants is an active public limited company based in Uttar Pradesh, India. The company works in surfactants and detergents, within the chemicals and materials industry. It was incorporated on 13 July 1989 (37+ years old) and is registered under CIN L24243UP1989PLC010950. Listed on BSE: 526231.

Standard Surfactants reported revenue of ₹244.25 Cr for FY 2025-26 (up 43.9% YoY) based on standalone financials.

Standard Surfactants has 5 current directors:

The latest financial statements of Standard Surfactants on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Standard Surfactants is 09AABCS9608N1ZQ, registered in Uttar Pradesh. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 23AABCS9608N2ZZ (Madhya Pradesh).

The CIN (Corporate Identification Number) of Standard Surfactants is L24243UP1989PLC010950. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Standard Surfactants is a listed company as per MCA records. Its shares are listed on BSE (code: 526231).

Standard Surfactants has 51 court cases on record: 34 filed by the company and 17 filed against it. 7 are pending. Most are in the district courts.

Standard Surfactants was incorporated on 13 July 1989, making it 37+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.

Standard Surfactants has 1 deal on record (1 funding round); the latest was in October 2021.