Hariom Pipe Industries Limited — Others, 09-05-2025: Monitoring Agency Report

Hariom Pipe Industries has released a report from ICRA Limited confirming that Rs. 189.28 Cr of the Rs. 189.50 Cr raised through a Preferential Issue was deployed as planned for working capital. A small forfeiture of Rs. 0.70 Cr occurred due to non-payment for certain warrants. The remaining Rs. 0.22 Cr remains unutilized. The efficient fund usage ensured no delays or negative effects on operations, reflecting strong financial discipline and effective capital management.