Deepak Builders & Engineers India Limited — Others, 15-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Deepak Builders & Engineers India Limited has announced a board meeting to discuss the financial results for the quarter and half-year ending 31st December 2024. The company confirmed that the proceeds from its Initial Public Offering (IPO) amounting to ₹2600.43 million have been fully utilized for their intended purposes, with no deviations noted in fund allocation. This consistent utilization may bolster investor confidence, reflecting prudent financial management. The absence of variances suggests a stable operational alignment with the initial objectives, potentially supporting a positive outlook among shareholders.