Harsha Engineers International Limited — Others, 13-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Harsha Engineers International Limited has announced a board meeting to confirm that there was no deviation in the use of proceeds from its September 2022 IPO during the quarter ended December 31, 2024. The total raised amount was ₹455 crore, with allocations for debt repayment, capital expenditures, infrastructure repairs, and general corporate purposes intact. This consistency reinforces the company's operational integrity, potentially bolstering investor confidence. The absence of deviations reflects strong oversight and adherence to the intended financial strategy, suggesting a positive outlook for shareholders.