Prabhu Steel Industries Ltd — Important, 05-02-2026: Company Update

Prabhu Steel Industries has confirmed that it has fully adhered to the intended utilization of funds raised through its Initial Public Issue (IPO). The company explicitly stated there have been no deviations or variations in how these proceeds were used. This update assures investors that the capital secured from the IPO was deployed exactly as planned, reflecting transparent and compliant financial management. This is important for maintaining investor trust and confidence in the company's operational integrity.