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

Ester Industries has announced a board meeting to consider the financial results for the quarter and half-year. The CRISIL Ratings report on the Rs 174.99 Cr preferential issue of convertible warrants confirms the proceeds are being used as planned, with Rs 16.8 Cr invested in its joint venture. Around Rs 158.19 Cr remains unutilized, and Rs 131.24 Cr is yet to be received from warrant conversions. Idle funds are parked in fixed deposits generating moderate returns, with no delays or deviations reported.