Sai Silks (Kalamandir) Limited — Others, 05-11-2024: Monitoring Agency Report

Sai Silks (Kalamandir) Limited has submitted a monitoring agency report detailing the utilization of proceeds from its IPO. Out of the ₹600 crore raised, ₹344.10 crore has been spent as of September 30, 2024, with no deviations from the proposed uses. The company is strategically delaying the establishment of two warehouses to minimize logistics costs. All expenditures align with the objectives outlined in the offer document, and the management retains flexibility in fund usage for general corporate purposes.