PG Electroplast Limited — Others, 13-05-2025: Monitoring Agency Report

PG Electroplast Limited has announced a Monitoring Agency Report by Crisil Ratings on the utilization of Rs 1,477.56 Cr raised through QIP. Funds are mainly used for subsidiaries’ working capital and capex, repayment of borrowings, and corporate purposes. Utilization stood at Rs 759.08 Cr, with some delays due to bank and regulatory approvals. The remaining Rs 718.48 Cr is parked in fixed deposits earning 7.5-7.8% interest. No deviations or adverse events impacted fund usage, confirming alignment with the intended objectives.