SRM Contractors Limited — Others, 14-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

SRM Contractors has released its Q1 FY26 IPO proceeds utilization report. Out of the Rs. 130.20 crore IPO, the company has utilized Rs. 91.26 crore to date, including Rs. 3.06 crore spent this quarter on capital expenditure for new equipment and machinery. There are no reported deviations from the IPO's stated objectives. Approximately Rs. 38.94 crore remains unutilized, with Rs. 16.19 crore allocated for general corporate purposes not deployed this quarter. The company plans to utilize these remaining funds in upcoming quarters as per a board decision. Unutilized funds are primarily invested in fixed deposits and held in current accounts.