Brickwork Ratings submits first quarterly monitoring report on Digilogic Systems' ₹80.99 crore IPO fund utilization to BSE.
Company fully utilized ₹8 crore for debt prepayment and ₹3.09 crore for general corporate purposes as planned.
Minimal ₹0.35 crore spent on new facility capex, with majority unutilized proceeds parked in 22 fixed deposits earning ~6.5-7.1%.
No deviations from offer document objects observed, with all government approvals obtained for project implementation.