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Srigee DLM Approves ₹4.24 Crore IPO Proceeds Reallocation


7 September 2026
Srigee DLM Ltd.

Board approved reallocating Rs 4.2 Cr of surplus IPO proceeds from machinery acquisition to the Greater Noida manufacturing facility, subject to shareholder approval. First post-listing capital-allocation update; higher facility funding needs point to a changed project budget, while total IPO proceeds remain unchanged. Any additional requirement beyond the reallocated amount will be funded through internal accruals or other sources; no funding quantum or completion timeline disclosed.


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