Regulatory29 Jul 2026, 04:41 pm
Prabhu Steel: No Deviation in IPO Proceeds Use
AI Summary
Prabhu Steel Industries Ltd has confirmed that there has been no deviation or variation in the utilization of funds raised from its Initial Public Offering (IPO). Consequently, the company has stated that the 'Statement of Deviation or Variation' under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is not applicable to them. This filing serves as a confirmation to the stock exchanges and stakeholders regarding the proper use of IPO proceeds.
Key Highlights
- No deviation in IPO proceeds utilization confirmed.
- Statement of Deviation/Variation under SEBI LODR is not applicable.
- Company confirms adherence to IPO fund usage regulations.
- Filing provides clarity to stakeholders on fund management.
Price Impact
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