Nexxus Petro Industries Ltd — Important, 12-11-2025: Company Update

Nexxus Petro Industries has confirmed the utilization of funds from its Initial Public Offer (IPO). For the half-year ending September 30, 2025, the company reported no deviation in how the 19.42 Crore IPO proceeds were used compared to its original prospectus. A significant portion, 16.00 Crores, was deployed for working capital requirements. Additionally, 1.44 Crores were utilized for general corporate purposes and 1.94 Crores for issue expenses. This update provides clarity on fund deployment, assuring stakeholders of adherence to the stated IPO objectives.