Pursuant to Regulation 32 of the SEBI (LODR) Regulation, 2015, we hereby confirm that there is no deviation or variation in the utilization of these proceeds for the financial year ended 31-03-2025.
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Veer Global Infraconstruction Ltd has submitted a compliance statement to BSE under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulation 32. The company confirms there has been no deviation or variation in the utilization of proceeds raised from its fund-raising activities for the financial year ended March 31, 2025. This means the money raised from investors was used for the purposes disclosed at the time of the issue. The statement is signed by Managing Director Vijaybhai Vagjibhai Bhanshali (DIN: 05122207) and filed on May 28, 2025. The company's BSE listing code is 543241. This is a routine annual compliance disclosure required of listed companies that have raised funds.
This is a positive but routine compliance signal confirming the company used investor funds as originally stated, with no misuse or diversions reported. It should not have a meaningful impact on stock price but reassures shareholders about fund management discipline.