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 filed its quarterly and annual statement on utilisation of IPO proceeds for the period ending 31st March 2026. The company raised INR 6,599 Lakhs through an IPO of 1,88,57,142 equity shares at ₹35 per share, listed on BSE and NSE in April 2023. The statement confirms there is NO deviation or variation in the use of IPO funds. Fund allocation remains as originally disclosed: Issue Expenses (₹484.16 Lakhs), Working Capital (₹4,500 Lakhs), and General Corporate Purposes (₹1,028.95 Lakhs). The unutilised balance has been temporarily parked in bank accounts and deposits with State Bank of India.
This is a routine compliance filing with no red flags. The absence of any deviation indicates the company is deploying IPO capital as promised to investors. Shareholders can view this as a positive signal that funds are being used according to the stated objectives.