Aeron Composite Limited — Others, 12-11-2024: Utilisation of Funds

Aeron Composite Limited has submitted its utilization report for the IPO proceeds raised on September 2, 2024, amounting to ₹561.00 Cr. For the half year ended September 30, 2024, there are no deviations or variations in the utilization of funds. The allocations include ₹39.03 Cr for capital expenditures towards a new manufacturing unit and ₹13.92 Cr for general corporate purposes. The funds have been used entirely as intended, with no changes to the original allocation. The Audit Committee and Board have acknowledged this status in their meetings.