Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, we hereby confirm that during half year ended on March 31, 2026, there ....
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Sharvaya Metals Ltd has filed a compliance statement under SEBI Regulation 32 confirming no deviation or variation in the use of IPO proceeds during the half year ended March 31, 2026. The company raised Rs. 4900.00 lakh through its Initial Public Offer and has utilized Rs. 2853.00 lakh so far, leaving Rs. 2047.00 lakh unutilized. The funds are being deployed as planned — towards working capital, civil construction and electrification, plant and machinery purchases, and general corporate purposes. Both the Audit Committee and Board of Directors have reviewed and confirmed the utilization as satisfactory. The remaining funds are expected to be deployed by March 2027.
No concerns for shareholders — the company is on track with its stated use of IPO proceeds. The unutilized Rs. 2047 lakh still pending deployment over the next year should be monitored for timely execution.