Refractory Shapes Limited — Important, 09-06-2025: Updates

Refractory Shapes Limited confirms full utilization of IPO proceeds totaling Rs. 18.6 Cr with no deviations. Allocations include civil construction (Rs. 32.25 Cr), plant and machinery (Rs. 2.51 Cr), debt repayment (Rs. 7 Cr), commercial vehicles (Rs. 0.925 Cr), and general corporate purposes (Rs. 23.04 Cr). Expansion at Wankaner, Gujarat, is progressing as planned with no funding changes or delays.