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

Chavda Infra Limited has announced a board meeting to review the financial results for the quarter and half-year. The company raised Rs. 43.26 Cr through its IPO, deploying Rs. 27 Cr for working capital, Rs. 10.80 Cr for general corporate purposes, and Rs. 5.46 Cr for issue-related expenses. Utilization aligns with the prospectus, with Rs. 41.29 Cr spent and Rs. 1.97 Cr still earmarked for issue expenses. The statutory auditor has confirmed the proper use of funds, reflecting sound financial discipline and operational stability.