Udayshivakumar Infra Limited has informed the Exchange about General Updates on Statement of Deviation or Variation in utilization of funds raised for the quarter ended 30th June 2025
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Awaiting price reaction for this filing.
Udayshivakumar Infra has filed its quarterly SEBI Regulation 32 statement confirming no deviation or variation in the use of proceeds from its March 2023 IPO. The company raised ₹6,599 lakhs by issuing 1.88 crore equity shares at ₹35 each and got listed on BSE and NSE on 3 April 2023. Of this, ₹484.16 lakhs earmarked for issue expenses and ₹4,500 lakhs for incremental working capital have been fully utilised. Out of ₹1,615.84 lakhs allocated for general corporate purposes, ₹1,028.95 lakhs has been used so far, with the balance parked in State Bank of India deposits. No monitoring agency was applicable, and no shareholder approval or audit committee comments on deviation are required.
This is a routine compliance filing with no negative disclosure — the 'no deviation' status signals disciplined deployment of IPO funds, which is mildly reassuring for shareholders but unlikely to move the stock on its own.