Harsha Engineers International Limited — Others, 08-05-2025: Monitoring Agency Report

Harsha Engineers International Limited has announced a board meeting to review the financial results for the quarter and half-year. The monitoring report confirms full utilization of IPO proceeds totaling Rs. 455 crore raised at ₹330 per share, aligned with the offer document’s objectives. The funds were allocated to prepayment of borrowings (Rs. 270 crore), machinery (Rs. 68.22 crore), infrastructure repairs (Rs. 7.12 crore), and general corporate purposes (Rs. 74.33 crore), with Rs. 9.73 crore kept in fixed deposits. The company’s funding deployment is progressing as planned.