Belrise Industries: No IPO Fund Use Deviation for Q2 2026

Belrise Industries Ltd has submitted its statement of deviations or variations in the utilization of funds raised through its Initial Public Offering (IPO) for the quarter ended June 30, 2026. The company reported no deviation or variation in the use of IPO proceeds. The funds were primarily allocated to repayment/prepayment of indebtedness and general corporate purposes. The net proceeds of the IPO amounted to ₹20,286.12 million, with ₹15,960.21 million utilized for debt repayment and ₹4,685.85 million for general corporate purposes as of the reporting quarter. The statement has been reviewed by the Audit Committee and is available on the company's website.