Surani Steel Tubes Limited — Others, 15-02-2025: Monitoring Agency Report

Surani Steel Tubes Limited has provided the Monitoring Agency Report for the quarter ended December 31, 2024, detailing the utilization of funds from their recently concluded public issue of ₹108.70 crore through convertible warrants. The report confirms that all funds raised have been used as intended, with no deviations noted from the outlined objectives. The company has utilized ₹77.11 crore so far, with ₹18.42 crore remaining unspent. This routine monitoring could reassure investors about the company’s adherence to planned capital allocation, contributing to a positive outlook for its operational execution.