StockWatch
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Iron & Steel Products
Regulatory9 May 2026, 05:41 pm

Prabhu Steel: No Deviation in IPO Proceeds Use

AI Summary

Prabhu Steel Industries Ltd confirms that there have been no deviations or variations in the use of proceeds raised from its Initial Public Issue (IPO), as per Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Therefore, a statement of deviation or variation is not applicable to the company.

Key Highlights

  • Prabhu Steel confirms adherence to Regulation 32.
  • No deviations in the use of IPO proceeds.
  • Statement of Deviation is not applicable.