Elango Industries Ltd — Important, 28-05-2026: Company Update

Elango Industries Limited has confirmed that there have been no deviations or variations in the utilization of its Initial Public Offer (IPO) proceeds. The company explicitly stated that all funds raised were used strictly for the purposes detailed in its original prospectus. This update assures shareholders that the capital raised from the IPO was deployed as initially communicated, demonstrating responsible financial stewardship and adherence to the company's stated business plans.