Non-Applicability of Deviation or Variation
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Prabhu Steel Industries Ltd has filed a compliance confirmation with BSE and CSE stating that there has been no deviation or variation in the use of proceeds from its Initial Public Offer (IPO). The filing is made under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended 31st March 2026. The company confirms that the Statement of Deviation or Variation is not applicable as the IPO funds have been deployed as originally intended. The document is digitally signed by Mr. Dinesh Gangaram Agrawal, Managing Director, dated 09 May 2026.
This is a routine compliance filing with no immediate impact on shareholders. It simply confirms that the company has used IPO funds as promised in its offer document, indicating proper governance and fund utilization. No action is required from investors.