StockWatch
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Iron & Steel Products
Regulatory28 May 2026, 11:04 pm

Company Confirms No Deviation in IPO Proceeds for Q4 FY26

AI Summary

The company has filed a statement confirming the non-applicability of deviation or variation under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended March 31, 2026. The company explicitly states that there has been no deviation or variation in the utilization of the public issue proceeds raised from its Initial Public Offer (IPO). Furthermore, it confirms that the IPO proceeds have been used strictly for the purposes outlined in the prospectus. Consequently, a formal statement of deviation or variation is not required for the company.

Key Highlights

  • Company confirms compliance with SEBI Regulation 32 for Q4 FY26.
  • No deviation in the use of public issue proceeds from IPO.
  • IPO funds were utilized strictly as stated in the prospectus.
  • Statement of deviation or variation is not applicable to the company.