Manglam Infra & Engineering Limited — Others, 30-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Manglam Infra & Engineering Limited confirms that ₹27.62 Cr raised through its IPO has been used as planned, mainly for working capital, corporate purposes, and issue expenses. So far, ₹11.65 Cr has gone to working capital, ₹4.97 Cr to corporate needs, and ₹3.17 Cr for issue costs, with the rest kept in bank deposits. The auditor and audit committee have reviewed and approved the fund utilisation, ensuring transparency and adherence to the stated objectives, which supports confidence in the company’s financial management.