Belrise Industries Limited — Others, 11-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

Belrise Industries has updated shareholders on its IPO fund utilization for the quarter ended June 30, 2025. From the 2,150 Cr gross proceeds, the company confirmed no overall deviation from its stated objectives. Notably, 22.11 Cr less than estimated was used for debt repayment, with this amount efficiently reallocated to general corporate purposes. This indicates flexible and prudent management of funds. Unutilized proceeds are temporarily invested, ensuring financial discipline and adherence to the IPO plan.