SRM Contractors Limited — Others, 13-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

SRM Contractors Limited has announced a Monitoring Agency Report showing utilization of Rs. 130.20 Cr IPO proceeds. To date, Rs. 75.17 Cr has been spent across capital expenditure (Rs. 15.35 Cr), repayment of secured borrowings (Rs. 10 Cr), working capital (Rs. 46 Cr), joint venture investment (Rs. 2.34 Cr), and general corporate purposes (Rs. 7.69 Cr). The remaining Rs. 42 Cr is parked in fixed deposits with various banks. Fund deployment aligns with IPO objectives, with a planned delay only in the use of funds for corporate purposes.