Abha Power and Steel Limited — Others, 29-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Abha Power and Steel Limited confirmed no deviation in utilizing ₹26.84 Cr raised via its IPO. It has used ₹12.07 Cr mainly to upgrade manufacturing facilities, meet working capital needs, and for general corporate purposes. About ₹10.25 Cr is still allocated for modernization. This disciplined use of funds reinforces the company’s operational growth plans and financial health, offering clarity and confidence to shareholders on ongoing expansion initiatives.