Submission of Non-applicability of statement of Deviation or Variation under Regulation 32 of SEBI (LODR) Regulation 2015
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Awaiting price reaction for this filing.
Prabhu Steel Industries has informed BSE (Scrip Code: 506042) and Calcutta Stock Exchange (Scrip Code: 026117) that the Statement of Deviation or Variation under Regulation 32 of SEBI (LODR) Regulations, 2015 is not applicable for the quarter ended 31st December 2025. The company confirms there has been no deviation or variation in the use of proceeds raised from its Initial Public Offer (IPO). The letter, dated 5 February 2026, is signed by Managing Director Mr. Dinesh Agrawal (DIN: 00291086) and is a standard quarterly compliance submission.
This is a routine regulatory filing with no material impact on shareholders or the stock price. It merely confirms that the company has utilised IPO funds in line with the originally disclosed plan.