Afcons Infrastructure Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
AFCONS · price
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Awaiting price reaction for this filing.
Afcons Infrastructure has filed a routine compliance statement confirming that there has been no deviation or variation in the use of proceeds from its IPO during the quarter ended June 30, 2025. The company had raised ₹1,250 crores through a fresh issue as part of its IPO in October 2024, with the shares getting listed on BSE and NSE on November 4, 2024. Crisil Ratings Limited is the appointed monitoring agency overseeing the use of IPO funds. The Audit Committee reviewed the statement and had no comments. Since no deviation has been reported, the objects table remains not applicable for this quarter.
This is a routine SEBI-mandated quarterly filing with no negative signal for shareholders. It confirms the company is using its IPO funds as originally disclosed in the prospectus, which is mildly reassuring for investors.