Owais Metal And Mineral Processing Limited — Board Meeting, 05-11-2024: Outcome of Board Meeting

The company has provided an update on fund utilization from its offer document. Of the proposed amounts, INR 17.59 crore has been utilized for plant and machinery, with INR 82.16 crore remaining unutilized. Working capital and general corporate purposes have been fully utilized, while all issue-related expenses have also been accounted. Additionally, INR 9.35 crore is currently held in a bank account. Total pending goods/services delivery is reported at INR 10.41 crore.