Belrise Industries Reports No IPO Fund Utilization Deviation

Belrise Industries filed a mandatory SEBI Regulation 32 disclosure confirming no deviation in IPO fund utilization for Q4 FY26.
The company raised ₹21,500 million gross (₹20,286.12 million net) via its IPO from May 20-23, 2025, for debt repayment and corporate purposes.
Funds were fully utilized as revised: ₹15,960.21 million for debt repayment and ₹4,321.64 million of ₹4,325.91 million for general corporate purposes.
The Audit Committee reviewed and approved the report on May 15, 2026, with no comments from auditors or committee on the utilization.