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Vibhor Steel Tubes Ltd. has submitted the statement of deviation/variation for the quarter ended 30 September 2024. The company reports no deviations in the utilization of funds raised through its Initial Public Offer, which amounted to ₹65.37 crore (cr). All funds have been allocated as planned, primarily for working capital needs and general corporate purposes. This consistent fund utilization indicates a steady operational management and a commitment to transparent reporting, which could reinforce investor confidence and signal a positive outlook for upcoming financial periods.