Happy Forgings Limited — Others, 07-11-2024: Monitoring Agency Report

Happy Forgings Limited submitted the Monitoring Agency report by ICRA for the quarter ending September 30, 2024, confirming no deviations in the utilization of IPO proceeds. The report indicates that funds are being used as per the initial offer document, with progress on projects on schedule. Total proceeds have been effectively deployed, and the issuer has maintained suitable arrangements for monitoring financial activities. No unfavorable events affecting viability were reported.