Non-applicability of Statement for Deviation or Variation under Regulation 32 of the SEBI(LODR) Regulations 2015 for the quarter ended December 31, 2025
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Rishabh Digha Steel & Allied Products has informed BSE that Regulation 32 of the SEBI Listing Regulations does not apply to the company for the quarter ended December 31, 2025. The company has confirmed that there has been no deviation or variation in the use of proceeds raised from its Initial Public Issue (IPO). Since no funds were raised through a public issue during the relevant period (or there were no deviations to report), the mandatory quarterly deviation statement is not applicable. The letter is signed by Managing Director Ashok Maganlal Mehta and dated February 13, 2026.
This is a routine negative disclosure with no material impact on shareholders — it simply confirms that the company has not raised fresh public issue funds in the quarter and therefore has nothing to report. Investors can take it as a procedural compliance filing with no bearing on stock price or fundamentals.