M&B Engineering Reports No IPO Fund Use Deviation for Q1 FY27

M&B Engineering Limited has submitted its statement of deviation and variation for the quarter ended June 30, 2026. The company reported no deviations or variations in the utilization of proceeds from its Initial Public Offer (IPO). The funds raised, amounting to ₹275 Crores, were allocated across capital expenditure for manufacturing facilities, IT software upgradation, repayment of term loans, and general corporate purposes. The utilization for the quarter was reported as ₹23.75 Crores for capital expenditure, ₹5.20 Crores for IT, ₹58.75 Crores for loan repayment, and ₹64.18 Crores for general corporate purposes, with no significant deviations from the original objects.