Shree Tirupati Balajee Agro Trading Company Limited — Others, 14-05-2025: Monitoring Agency Report

Shree Tirupati Balajee Agro Trading Company Limited has announced a board meeting to consider the financial results for the quarter and half-year. The latest monitoring report confirms that IPO proceeds of Rs.122.42 Cr were mostly utilized as planned, mainly for repaying subsidiary borrowings, working capital, raw material purchases (Rs.5.45 Cr), and income tax payments (Rs.1.73 Cr). A minor procedural error of Rs.0.09 Cr was promptly corrected. Unutilized IPO funds amount to Rs.0.61 Cr, with no significant deviation from the intended use, supporting the company’s ongoing business strategy.