Hemant Surgical Industries Ltd — Updates, 28-05-2025: Company Update

Hemant Surgical Industries Ltd has announced a Statement of Deviation or Variation in the use of IPO proceeds. The company raised ₹24.84 Cr through a fresh issue and has utilized ₹24.21 Cr so far. Funds were allocated to public issue expenses (₹3.14 Cr), working capital (₹10 Cr), capital expenditure for installation (₹6.88 Cr), and general corporate purposes (₹4.19 Cr). There is no deviation or variation in the utilization of funds compared to the original allocation, indicating disciplined fund management aligned with the company’s planned objectives.