Statement of Deviation or Variation in Utilization of Funds for the quarter and financial year ended 31.03.2026.
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Udayshivakumar Infra Limited has filed its quarterly and annual statement confirming that there is NO deviation or variation in the utilization of IPO funds. The company raised INR 6,599 Lakhs through an IPO of 1,88,57,142 equity shares at INR 35 per share, which was listed on BSE and NSE on April 3, 2023. As of March 31, 2026, funds have been utilized as follows: INR 484.16 Lakhs towards issue expenses, INR 4,500 Lakhs towards funding incremental working capital requirements, and INR 1,028.95 Lakhs towards general corporate purposes. The unutilized proceeds are temporarily parked in bank accounts and fixed deposits with State Bank of India.
This is a positive confirmation for shareholders as it indicates the company has deployed IPO funds according to its stated objectives without any deviation. No changes to the fund utilization plan were required, and no adverse comments were raised by the Audit Committee or auditors.