Regulatory30 May 2026, 03:51 pm
Rajputana Stainless: No Deviation in IPO Proceeds Utilization
AI Summary
Rajputana Stainless Ltd. confirms no deviation or variation in the utilization of ₹178.73 Cr issue proceeds raised through its Initial Public Offer (IPO) for the quarter ended March 31, 2026. The proceeds were utilized in line with the objects stated in the offer document. This statement has been reviewed and noted by the Audit Committee and Board of Directors in their meeting held on May 25, 2026.
Key Highlights
- Rajputana Stainless confirms no deviation in IPO proceeds utilization for Q4 2026.
- IPO proceeds of ₹178.73 Cr were used as per the stated objectives.
- Audit Committee and Board reviewed and noted the utilization statement on May 25, 2026.
- CARE Ratings Limited is the monitoring agency.
- Original object included funding capital expenditure for expansion.
Price Impact
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