Refex Industries Limited — Others, 14-05-2025: Monitoring Agency Report

Refex Industries Limited has announced a monitoring report on funds raised through two preferential issues totaling Rs. 1125.44 crore. The proceeds are mainly used for working capital, capital expenditure, investments in subsidiaries, loan repayments, and general corporate purposes. Utilization is largely on track, with minor under-utilization in working capital and subsidiary investments due to deposits held as lien against credit facilities. Loan repayments faced a slight delay. Remaining unutilized funds are kept in fixed deposits earning interest. No events have impacted the planned use of proceeds.