Udayshivakumar Infra Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Udayshivakumar Infra Limited has submitted a statement of deviation or variation to the exchange under Regulation 32 of SEBI's Listing Obligations and Disclosure Requirements. This regulation requires listed companies to report when the actual use of funds raised through a public, rights, or preferential issue differs from the originally disclosed purpose. The company has flagged that some variation exists between the stated and actual deployment of issue proceeds. Specific details on the amount, nature of deviation, or revised purpose of funds are not provided in the headline and would need to be checked in the full filing.
Investors should review the full filing to understand the nature and extent of the deviation. While such disclosures are routine and mandatory, significant deviations from the originally stated use of funds can raise governance concerns and may affect investor confidence in the company's capital allocation discipline.