Hariom Pipe Industries Limited — Others, 10-02-2025: Monitoring Agency Report

Hariom Pipe Industries Limited has shared a Monitoring Agency Report for the quarter ended December 31, 2024, prepared by ICRA Limited, confirming that there has been no deviation in the utilization of proceeds from its recent preferential issue. The total amount credited stands at INR 189.50 Cr, in line with the project's objectives. This consistency signals strong governance and effective fund management. Investor sentiment may improve as the lack of deviations suggests a sound operational strategy and financial stability, presenting a positive outlook for the stock.