Sona BLW Precision Forgings Limited — Others, 02-05-2025: Monitoring Agency Report

Sona BLW Precision Forgings Limited has announced that Rs 2,369.5 Cr raised via QIP is mostly used to repay borrowings (Rs 825 Cr fully utilized), acquire Novelic (Rs 71.56 Cr pending), and fund strategic investments (Rs 840 Cr unutilized). Funds for fixed assets (Rs 67.3 Cr allocated; Rs 59.65 Cr used) and general corporate purposes (Rs 565.64 Cr fully used) are in place. Unutilized Rs 919.21 Cr is parked in fixed deposits and mutual funds earning over 7% interest. No delays or deviations were reported in fund utilization.