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Rulka Electricals Limited has announced a board meeting on the utilization of funds raised through its IPO. The company confirms no deviation in fund usage, with Rs. 19.80 Cr applied as planned: Rs. 14 Cr for working capital, Rs. 4.82 Cr for general corporate purposes, and Rs. 0.975 Cr for issue-related expenses. This adherence has been verified by the statutory auditor and audit committee, reflecting strong governance and supporting the company’s operational growth and business expansion.