Super Iron Foundry Ltd — Important, 15-11-2025: Company Update

Super Iron Foundry has disclosed variations in its IPO fund utilization for the half-year ending September 2025. Out of the Rs. 68.05 crore raised, the company utilized Rs. 16.73 crore for debt repayment, an increase from the planned Rs. 16.00 crore. Issue expenses also climbed to Rs. 9.31 crore from an estimated Rs. 7.81 crore. Consequently, the allocation for general corporate purposes decreased to Rs. 13.01 crore from Rs. 15.24 crore. The Audit Committee affirmed these deviations are part of the normal business course. This update provides clarity on fund deployment post-IPO.