GRM Overseas Limited — Others, 13-05-2025: Monitoring Agency Report

GRM Overseas Limited has announced a Monitoring Agency Report on the utilization of Rs. 136.05 Cr raised via a preferential issue of fully convertible warrants. Funds were primarily used for working capital (Rs. 60 Cr), subsidiary investment (Rs. 30 Cr), inorganic growth (Rs. 10 Cr), plant & machinery (Rs. 5 Cr), and general corporate purposes (Rs. 31.05 Cr). During the quarter, Rs. 0.80 Cr was spent on TVC production under corporate purposes. Around Rs. 33.99 Cr remains unutilized without impacting the company’s operations or strategic goals.