Afcons Infrastructure Limited confirms no deviations or variations in the utilization of IPO proceeds for the quarter ended September 30, 2025. The announcement, dated November 12, 2025, states that the equity shares are listed on both BSE Limited and the National Stock Exchange of India. This declaration aligns with regulatory requirements for transparency in fund utilization following the company’s Initial Public Offering.
IPO Fund Utilization Compliance
Afcons Infrastructure Limited announced on November 12, 2025, that there have been no deviations or variations in the utilization of funds raised through its Initial Public Offering (IPO) for the quarter ended September 30, 2025.
Details of Compliance
The company’s equity shares are officially listed on both the BSE Limited and the National Stock Exchange of India since November 4, 2024. This announcement confirms adherence to regulatory requirements concerning the use of IPO proceeds. The company confirms it has utilized the funds as per the intended purpose outlined during the IPO.
Confirmation of No Deviations
Afcons Infrastructure confirms that all proceeds raised through the issuance of equity shares, via its Initial Public Offer (‘IPO’), for the quarter ending September 30, 2025, have been utilized appropriately. This declaration complies with applicable regulations to ensure complete transparency.
Source: BSE
