Sai Silks (Kalamandir) Limited — Others, 12-05-2025: Monitoring Agency Report

Sai Silks (Kalamandir) Limited has announced a monitoring agency report on its Rs. 600 crore IPO proceeds. Out of Rs. 566.24 crore net proceeds, Rs. 384.69 crore has been utilized, mainly on working capital (Rs. 186.20 crore), new store setup (Rs. 63.96 crore), warehouse setup (Rs. 1.63 crore), repayment of borrowings (Rs. 50 crore), and general corporate purposes (Rs. 82.90 crore). Delays in store and warehouse projects reflect a strategic, phased expansion. Remaining Rs. 181.55 crore is held in fixed deposits and monitoring accounts, earning around 7.35% interest.