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Hindustan Construction Company Ltd. has disclosed the Monitoring Agency Report for the quarter ended December 31, 2024, concerning its ₹600 crore QIP issue overseen by Care Ratings Ltd. The report indicates that all proceeds are utilized as per the offer document, with ₹23.89 crore incurred in issue-related expenses and ₹2.57 crore utilized for working capital and general corporate purposes. No deviations were noted, reinforcing fiscal discipline within the company. This prudent management approach could be viewed positively by investors, potentially enhancing their confidence in the company's financial governance and operational transparency.
All announcements from Hindustan Construction Company Limited