SRM Contractors Limited — Others, 11-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

SRM Contractors Limited has conveyed that the Monitoring Agency Report for the quarter ended December 31, 2024, confirms the effective utilization of proceeds from its Initial Public Offering (IPO) amounting to ₹130.20 crore. The report, reviewed by the Audit Committee, indicates no deviations from planned usage and affirms that all funds are being utilized as specified in the offer document.

This update reflects positively on the company's financial governance, ensuring investors of compliance with stated objectives. Investors may view this as a strong endorsement of SRM Contractors’ commitment to disciplined financial management, reinforcing a favorable sentiment toward its operational integrity and cash flow stability.