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Standard Glass Lining Technology Limited has announced a board meeting to consider the financial results for the quarter and half-year. The latest monitoring report from ICRA Limited confirms INR 143.39 Cr of IPO proceeds have been used without deviation, primarily for repaying borrowings (INR 130 Cr) and capital expenditure (INR 0.7 Cr). The remaining INR 106.6 Cr sits in fixed deposits earning 7.25%-7.5% interest. Project timelines and expenditures remain on track, reflecting disciplined use of IPO funds and financial transparency.
All announcements from Standard Glass Lining Technology Limited