Prabhu Steel Industries Ltd — Important, 09-05-2026: Company Update

Prabhu Steel Industries confirmed that the funds raised from its Initial Public Offering (IPO) have been utilized precisely as intended, with no changes or diversions observed for the quarter ending March 31, 2026. This update confirms the company's adherence to its public issue objectives. For shareholders, this reinforces trust in the company's financial discipline and transparency regarding how capital raised from the public is managed. It signals responsible use of investor money.