M & B Engineering Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

MBEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-8.3%1-day move

₹324.85

prior close

₹301.45

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.4+2.1+0.8-2.1-8.3-5.2-5.2-5.7-7.6-10.4-10.6-11.8+4.1—

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AI summary

M & B Engineering Limited has submitted its quarterly statement confirming no deviation or variation in the use of IPO proceeds. The company raised Rs. 275 crores through its Initial Public Offer with allotment on 04-08-2025. As of March 31, 2026, Rs. 137.80 crores has been deployed out of Rs. 259.32 crores allocated across four objects: capital expenditure (Rs. 130.58 crores allocated, Rs. 14.87 crores used), IT software upgradation (Rs. 5.20 crores allocated, not yet used), term loan repayment (Rs. 58.75 crores fully utilised), and general corporate purposes (Rs. 64.79 crores allocated, Rs. 64.18 crores used). The monitoring agency is Crisil Ratings Limited. The filing is a routine compliance submission under SEBI listing regulations.

Likely market impact

No immediate impact on shareholders as the company confirms funds are being utilised as per the IPO offer document with no deviations detected.