H.M. Electro Mech Ltd — Important, 30-01-2026: Company Update
30-01-2026 | 12:25 pm
30-01-2026 | 12:25 pm
H.M. Electro Mech Limited submitted a revised statement clarifying no deviation in its IPO fund utilization. A prior filing for the September 30, 2025 quarter incorrectly reported a deviation of Rs. 0.2168 crore. The company confirms this was a typographical error, and the deviation was actually Nil. All Rs. 27.744 crore raised from the IPO has been used strictly for the purposes outlined in its prospectus, including working capital and general corporate purposes. This update confirms proper fund management and assures investors of no misapplication of funds.
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