Udayshivakumar Infra Limited Files Regulation 32 Statement for Q4FY26: No Deviation in IPO Fund Utilisation

Udayshivakumar Infra Limited , formerly known as Udayshivakumar Infra Private Limited, has filed its Statement of Deviation or Variation in utilisation of funds raised through its Initial Public Offering (IPO), pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, dated 09th May 2026, covers the quarter and financial year ended 31st March 2026 and confirms that there is no deviation or variation in the use of funds raised.

IPO Overview and Fund Raising Details

The company completed its Initial Public Offer during the quarter ended 31st March 2023, allotting 1,88,57,142 equity shares. The allotment was finalised by the designated stock exchange on March 29, 2023, and approved by the Board Meeting resolution of the same date. The shares were issued at a price of ₹35 per equity share, including a share premium of ₹25 per equity share, aggregating to INR 6,599 Lakhs. Udayshivakumar Infra Limited was subsequently listed on BSE Limited and National Stock Exchange of India Limited on 03rd April 2023. The issue was made in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended.

The key details of the fund raising are summarised below:

Parameter: Details Mode of Fund Raising: Initial Public Issue Date of Allotment: March 29, 2023 Equity Shares Allotted: 1,88,57,142 Issue Price: ₹35 per equity share Share Premium: ₹25 per equity share Amount Raised: INR 6,599 Lakhs Listing Date: 03rd April, 2023 Monitoring Agency: Not Applicable

Fund Utilisation Status

As of the quarter ended 31st March 2026, the company reports no deviation or variation in the utilisation of IPO proceeds. The unutilised proceeds have been temporarily invested or parked in bank accounts and deposits with State Bank of India. The following table presents the object-wise allocation and utilisation of funds:

Original Object: Original Allocation Funds Utilised Modified Object Modified Allocation Deviation/Variation Issue Expenses: 484.16 Lakhs 484.16 Lakhs Not Applicable Not Applicable Not Applicable Funding Incremental Working Capital Requirements: 4,500.00 Lakhs 4500.00 Lakhs Not Applicable Not Applicable Not Applicable General Corporate Purposes: 1,615.84 Lakhs 1,028.95 Lakhs Not Applicable Not Applicable Not Applicable

Regulatory Compliance and Signatories

The filing was submitted to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 32 of SEBI (LODR) Regulations, 2015. The statement was signed by Sneha Prashant Sawant, Company Secretary, and Sheetalkumar Mohanrao Kodachawad, Chief Financial Officer, on behalf of Udayshivakumar Infra Limited. The Audit Committee comments and auditor comments are noted as not applicable, consistent with the absence of any deviation or variation in fund utilisation.

For reference, deviation or variation under this regulation may include:

Deviation in the objects or purposes for which the funds have been raised

Deviation in the amount of funds actually utilised as against what was originally disclosed

Change in terms of a contract referred to in the fund raising document, such as a prospectus or letter of offer

The company's registered office is located at 1924A/196, Banashankari Badavane, Near NH-4 Bypass, Davangere, Karnataka, India – 577005.

Udayshivkumar infra Limited has announced the approval of its revised Policy on Determination of Materiality for Disclosure of Events or Information following a board meeting held on April 28, 2026. The policy revision demonstrates the company's commitment to maintaining compliance with evolving regulatory requirements.

Board Meeting Details

The Board of Directors convened on Tuesday, April 28, 2026, with the meeting commencing at 02:30 P.M. and concluding at 04:00 P.M. The primary agenda focused on reviewing and approving the updated materiality policy framework.

Meeting Parameter: Details Date: April 28, 2026 Day: Tuesday Start Time: 02:30 P.M. End Time: 04:00 P.M. Duration: 1 hour 30 minutes

Policy Revision and Compliance

The revised policy has been developed in accordance with Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The update specifically aligns with the latest SEBI amendments and circulars, ensuring the company maintains robust disclosure standards for material events and information.

The policy revision reflects Udayshivkumar Infra Limited's proactive approach to regulatory compliance and corporate governance. By updating its materiality determination framework, the company ensures that stakeholders receive timely and appropriate disclosures of events that could impact their investment decisions.

Implementation and Accessibility

The revised Policy on Determination of Materiality for Disclosure of Events or Information became effective immediately from April 28, 2026. The company has committed to making the updated policy document available on its official website, ensuring transparent access for all stakeholders including investors, regulators, and other interested parties.

This policy update represents part of Udayshivkumar Infra Limited's ongoing efforts to maintain high standards of corporate governance and regulatory compliance in line with current market requirements and regulatory expectations.

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