Hariom Pipe Industries Limited — Others, 26-10-2024: Monitoring Agency Report

Hariom Pipe Industries Limited reported compliance with SEBI regulations, confirming no deviations in the utilization of proceeds from its preferential issue for the quarter ended September 30, 2024. The monitoring agency, ICRA Limited, validated that proceeds of ₹189.50 crore were fully utilized as intended, with an unutilized balance of ₹0.22 crore. The company maintains all financial arrangements and approvals necessary for its operations, ensuring transparency in fund usage.