Non-applicability of Statement For Deviations or Variations under Regulation 32 of SEBI (LODR) Regulations 2015
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Rishabh Digha Steel & Allied Products Ltd has submitted a compliance filing to BSE confirming that Regulation 32 of SEBI (LODR) Regulations 2015 does not apply to the company. The regulation requires companies to report any deviation or variation in the use of funds raised through a public issue. The company has stated there are no deviations in the use of proceeds from its Initial Public Offer (IPO), and therefore the quarterly statement of deviations is not applicable. The letter is signed by Managing Director Ashok Maganlal Mehta (DIN: 00163206) and is dated 21 April 2025.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock price. It does not indicate any fundraising, fund usage change, or operational development.