Udayshivakumar Infra: No Deviation in IPO Fund Utilization for Q2 2026

Udayshivakumar Infra Ltd has filed its Statement of Deviation or Variation in the utilization of funds raised through its Initial Public Offering (IPO) for the quarter ended June 30, 2026. The company reported no deviation or variation in the use of IPO proceeds. The funds were raised via an IPO on March 29, 2023, amounting to INR 6,599 Lakhs. The stated objects for fund utilization included incremental working capital requirements and general corporate purposes. The company confirmed that the unutilized proceeds have been temporarily invested in bank accounts and deposits. The filing indicates that the IPO was completed in accordance with SEBI regulations, and the company was listed on BSE and NSE on April 03, 2023.