Shree Refrigerations: No Deviation in IPO Funds Utilisation

Shree Refrigerations Ltd. reports no deviation or variation in the utilization of proceeds raised through its Initial Public Offer (IPO) for the half year ended March 31, 2026. This confirmation follows a review by the Audit Committee and approval by the Board of Directors on May 25, 2026. The company raised ₹9451.25 Lakhs through a public issue on July 31, 2025, and the funds were allocated to working capital (₹700 Lakhs), general corporate purposes (₹100 Lakhs), and issue-related expenses (₹1,451.25 Lakhs).