HFCL Limited — Others, 21-10-2024: Monitoring Agency Report

HFCL Limited reported that it raised ₹352 crore through a Qualified Institutional Placement (QIP) by allotting 5,10,14,491 equity shares. As of September 30, 2024, the Monitoring Agency report indicates that there were no deviations in the utilization of funds, with ₹270.19 crore utilized across various projects, leaving an unutilized balance of ₹76.24 crore. The company continues to meet its funding goals, including research and development expenditures.