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- Important
- Financial Update
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Indo Farm Equipment Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company raised Rs. 168.06 Cr through its IPO and has utilized the funds as planned. Major uses include Rs. 70.07 Cr to expand Pick & Carry Cranes capacity, Rs. 50 Cr for loan repayment, Rs. 45 Cr invested in its NBFC subsidiary Barota Finance Ltd., and Rs. 2.99 Cr for corporate purposes. As of March 31, 2025, Rs. 98.73 Cr has been spent, with Rs. 69.33 Cr maintained in fixed deposits and bank accounts. Progress aligns with stated goals, with no setbacks reported.