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- Important
- Financial Update
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Diffusion Engineers Limited’s IPO proceeds of Rs 157.96 Cr were partly utilized with Rs 52.27 Cr spent mainly on expanding manufacturing facilities and setting up a new plant in Nagpur. Rs 13.16 Cr went toward issue expenses. Although there’s a delay in full deployment, equipment orders are underway with project completion expected by FY26. Unutilized funds of around Rs 109.05 Cr remain in fixed deposits earning 7.2-7.8% interest. No funds were used for general corporate purposes during the quarter.