Rajputana Stainless: No IPO Fund Deviation in Q1 FY27

Rajputana Stainless Ltd has confirmed no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO) for the quarter ended June 30, 2026. The company stated that proceeds amounting to ₹178.73 Crores have been utilized in line with the objects outlined in the offer document. The utilization report, reviewed by the Audit Committee and Board of Directors on August 12, 2026, shows that funds were allocated to capital expenditure for manufacturing facility expansion, repayment of borrowings, general corporate purposes, and issue-related expenses. The total utilized amount for the quarter was ₹157.40 Crores, with no deviation reported against the original allocations.