Netweb Technologies India Limited — Others, 10-05-2025: Monitoring Agency Report

Netweb Technologies India Limited has announced a monitoring update by Crisil Ratings Limited confirming full utilization of Rs 1940.24 million IPO proceeds as planned. The funds financed capital expenditure for a new SMT production line, long-term working capital, debt repayment, and general corporate purposes. Minor cost adjustments were made without affecting project timelines. All reallocations stayed within approved limits, with no deviations or adverse events reported, underscoring the company’s adherence to its planned use of proceeds and maintaining transparency for shareholders.