Bondada Engineering Ltd — Updates, 06-05-2025: Company Update

Bondada Engineering Limited has announced a Monitoring Agency Report from Crisil Ratings Limited on the utilization of Rs 107.5 crore proceeds raised through a preferential equity share issue. The funds, originally planned at Rs 185 crore, were revised downward due to undersubscription. The entire amount was allocated for working capital requirements and remained fully unutilized as of the quarter-end, held in a monitoring account as Rs 2,073 balance. There have been no deviations from the issue objects or delays reported, and no amount was allocated to general corporate purposes. This reflects prudent fund management but indicates that the anticipated capital deployment is yet to commence.