AVP Infracon Limited — Results, 08-07-2025: Reply to Clarification- Financial results

AVP Infracon Limited has announced a board meeting on 30th June 2025 to consider the financial results for the quarter and half-year. The company addressed a regulatory query confirming a minor delay in uploading the board meeting outcome due to technical issues and clarified no fund was raised during the quarter.

Regarding IPO proceeds, AVP Infracon raised ₹52.34 Cr from its March 2024 public issue of 69.79 lakh equity shares at ₹75 each. Utilization of these funds as on 31st March 2025 includes ₹15 Cr towards capital expenditure, ₹30 Cr for working capital, ₹4.84 Cr for general corporate purposes, and ₹2.5 Cr for issue expenses. Unutilized amounts, mainly related to capital expenditure, remain in fixed deposits for future use. There were no deviations from the intended use of IPO funds during the year ended 31st March 2025.

The company also submitted a utilization certificate certified by its statutory auditor, confirming compliance with IPO fund usage as per regulatory compliance. No additional fundraising activities occurred during the recent quarter.