Udayshivakumar Infra Limited — Others, 27-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

Udayshivakumar Infra Limited has submitted a Statement of Deviation in the utilization of funds raised through its Initial Public Offering (IPO), revealing that there are no deviations in fund usage for the quarter and nine months ended December 31, 2024. The company successfully raised ₹6,599 crore by issuing 1,88,57,142 equity shares, and the IPO was finalized on March 29, 2023. Funds have been successfully allocated for working capital and general corporate purposes as planned, with any unutilized proceeds currently held in bank deposits. Investors may view this consistent fund management positively, reinforcing confidence in the company's operational transparency and governance.