KP Green Engineering Ltd — Updates, 14-05-2025: Company Update

KP Green Engineering has announced a Monitoring Agency report confirming that funds raised through its SME IPO have been utilized in line with intended purposes. The company raised INR 189.5 Cr through equity shares, with net proceeds of INR 174.3 Cr mainly allocated to capital expenditure for a new manufacturing unit and general corporate purposes. There have been no deviations, delays, or unfavorable developments reported in project execution. Unutilized funds remain minimal and are held in the public issue account. All government approvals related to the project have been obtained, supporting steady progress on operational expansion.