Key Financial Figures

  • Total Funds Raised: ₹1,999.03 crore (raised on July 11, 2024)
  • Total Funds Utilized: ₹1,829.93 crore (91.55% of total raised)
  • Unutilized Funds: ₹169.10 crore (including ₹0.16 crore for issue-related expenses)
  • Interest Income: ₹2.31 crore earned from temporary investments (not included in unutilized amount)

Utilization Against Stated Objects

Repayment of Borrowings

  • Original Allocation: ₹905.00 crore
  • Amount Utilized: ₹905.00 crore
  • Deviation/Variation: Nil

Project Funding (Ongoing and Forthcoming Projects)

  • Original Allocation: ₹212.36 crore
  • Amount Utilized: ₹162.86 crore
  • Deviation/Variation: Nil

Purchase of Equipment and Machinery

  • Original Allocation: ₹210.03 crore
  • Amount Utilized: ₹118.95 crore
  • Deviation/Variation: Nil

Land Acquisition and General Corporate Purposes

  • Original Allocation: ₹658.59 crore
  • Amount Utilized: ₹658.09 crore
  • Deviation/Variation: Nil

Issue-Related Expenses

  • Original Allocation: ₹13.05 crore
  • Amount Utilized: ₹12.89 crore
  • Unutilized Amount: ₹0.16 crore
  • Deviation/Variation: Nil

Regulatory and Governance Details

  • Monitoring Agency: ICRA Limited
  • Audit Committee Review: Conducted on July 20, 2026
  • Shareholder Approval: Not applicable (no deviation requiring approval)
  • Auditor Comments: None provided

Key Observations

  • No deviation from the objects stated in the Letter of Offer dated June 12, 2024
  • The utilized amount of ₹1,829.93 crore includes ₹12.89 crore relating to issue-related expenses
  • The actual unutilized proceed is ₹169.10 crore which includes ₹0.16 crore of unutilized issue-related expenses
  • Interest income of ₹2.31 crore from temporary investments has not been included in the unutilized amount