ABS Marine Services Limited — Others, 26-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

ABS Marine Services Limited has confirmed that the utilization of proceeds from its ₹96.25 Cr IPO aligns with the original plan. Out of the allocated ₹55 Cr for offshore vessel acquisition, ₹35.27 Cr has been spent, while ₹6.6 Cr of the ₹25 Cr working capital allocation and ₹5.29 Cr of ₹11.3 Cr for corporate purposes have been used. This disciplined fund deployment supports the company’s growth and operational efficiency, reassuring shareholders about effective capital management.