Paras Defence and Space Technologies Limited — Others, 30-04-2025: Monitoring Agency Report

Paras Defence and Space Technologies Limited has revealed the Monitoring Agency Report for the quarter ending March 31, confirming that there are no deviations in the utilization of funds from the ₹135.182 Crore raised through the Qualified Institutions Placement (QIP). The company has effectively utilized ₹124.347 Crore of the proceeds; this includes ₹117.504 Crore for working capital and ₹5.530 Crore for general corporate purposes. Unutilized funds stand at ₹5.457 Crore, mainly in fixed deposits and monitoring accounts, maintaining alignment with previous reports. This transparency assures stakeholders of proper fund management.