Sona Machinery Limited — Others, 30-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Sona Machinery Limited has announced a board meeting to review the utilization of IPO proceeds totaling Rs. 51.82 Cr from the allotment of 36.24 lakh equity shares at Rs. 10 each. The funds are being deployed as intended, primarily for a new manufacturing unit in Ghaziabad, LC payments, and general corporate purposes. There are no deviations in fund usage, though some funds remain unutilized but reserved for these objectives. The Audit Committee has confirmed full compliance with the planned utilization of proceeds.