Prabhu Steel Industries Limited has confirmed that all funds raised from its Initial Public Issue (IPO) have been utilized strictly in accordance with its original plans.

The company stated there have been no deviations or variations in the use of these public issue proceeds.

This assurance confirms the company's adherence to its stated financial objectives and provides clarity on the deployment of capital raised from investors.

Consequently, the company confirms that a statement for deviations or variations is not applicable.