Harsha Engineers International Limited — Others, 06-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

Harsha Engineers International Limited confirmed no deviation in using its Initial Public Offer (IPO) proceeds for the quarter ended June 30, 2025. The company had raised ₹455 Cr to fund specific objectives. Funds were primarily used for pre-payment of borrowings (₹270 Cr), capital expenditure on machinery (₹73.51 Cr), infrastructure repairs (₹7.12 Cr), and general corporate purposes (₹74.33 Cr). This update assures shareholders that capital is being deployed as per the original prospectus, demonstrating financial transparency and adherence to stated goals.