Please find enclosed herewith Non-applicability of Statement of Deviation(s) or variation(s) under Regulation 32 SEBI (LODR) Regulations, 2015 for the quarter ended 30th June, 2025.
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Awaiting price reaction for this filing.
Elango Industries has filed a compliance statement with BSE confirming that there has been no deviation or variation in the use of proceeds from its Initial Public Offering (IPO) for the quarter ended 30th June 2025. The company states that the IPO funds were utilized strictly for the purposes disclosed in the offer prospectus. As a result, the formal Statement of Deviation/Variation is not applicable to the company for this quarter. The filing was made by the Company Secretary on 13th August 2025 as required under SEBI's Listing Obligations and Disclosure Requirements Regulations.
This is a routine compliance confirmation and carries no material impact on the stock. It reassures shareholders that IPO money is being used as originally promised, but does not signal any change in business or financial outlook.