Danish Power Limited — Board Meeting, 13-02-2025: Outcome of Board Meeting

Danish Power Limited has issued a Monitoring Agency Report for the quarter ended December 31, 2024, regarding its IPO of ₹197.90 crore. There were no deviations from the intended utilization of funds; however, the company utilized part of its General Corporate Purpose (GCP) funds for loan repayments, pending board approval for this adjustment. The report highlights ongoing capital expenditures and working capital needs, with a completion date of March 31, 2025, for various projects. The monitoring agency confirms all arrangements are in order and government approvals have been attained.