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Harsha Engineers International Limited has issued a Monitoring Agency Report for the quarter ended December 31, 2024, detailing the utilization of proceeds from its Rs. 455 crore IPO. The report confirms no deviations from the intended uses of the IPO funds. As of the reporting date, Rs. 429.4 crore was available for workforce, machinery purchases, and paid debts. From an investor perspective, the effective deployment of funds with no discrepancies reflects positively on the company's operational management and financial discipline, potentially enhancing investor confidence.
All announcements from Harsha Engineers International Limited