Super Iron Foundry Ltd — Updates, 14-05-2025: Company Update

Super Iron Foundry Ltd. has reported deviations in the utilization of IPO proceeds. The repayment of certain borrowings increased to Rs. 16.73 Cr from the originally planned Rs. 16 Cr, reducing funds allocated to general corporate purposes to Rs. 13.01 Cr from Rs. 15.24 Cr. Issue expenses also rose to Rs. 9.31 Cr from Rs. 7.81 Cr based on actual invoices. The Audit Committee views these deviations as normal business adjustments. Overall, funds raised amounting to Rs. 68.05 Cr have been used largely in line with the prospectus, with no change in underlying objectives.