Sharvaya Metals: IPO Proceeds Utilized ₹2853 Lacs

Sharvaya Metals Ltd confirms compliance with Regulation 32 of SEBI (LODR) Regulations, 2015, stating no deviation or variation in the utilization of IPO proceeds as outlined in the red herring prospectus dated August 26, 2025, for the half-year ended March 31, 2026. The company raised ₹4900 lacs through its IPO, utilizing ₹2853 lacs and leaving an unutilized amount of ₹2047 lacs. These funds are earmarked for working capital, capital expenditure, and general corporate purposes, with full utilization projected by March 2027. The Audit Committee and Board of Directors have expressed satisfaction with the fund utilization.