Vishnusurya Projects and Infra Limited — Others, 23-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Vishnusurya Projects and Infra has announced a statement on the utilization of Rs. 49.98 Cr raised through its IPO. The company spent Rs. 5.91 Cr on IPO issue expenses, less than the estimated Rs. 6.99 Cr, reallocating the balance of Rs. 1.07 Cr to General Corporate Purposes. It fully repaid borrowings with Rs. 9.15 Cr and deployed nearly Rs. 30 Cr toward working capital. A minor balance of Rs. 6.12 lakh remains in the bank. This update highlights efficient use of funds, strengthening the company’s financial health and supporting operations.