Kilburn Engineering Ltd — Updates, 15-05-2025: Company Update

Kilburn Engineering has announced a Monitoring Agency Report from CARE Ratings confirming no deviations in the utilization of Rs. 299.63 Cr raised via preferential issue. Funds have been deployed as planned: Rs. 123 Cr allocated for Monga acquisition (including Rs. 19.97 Cr in equity shares issued as non-cash consideration), Rs. 25 Cr for debt repayment, Rs. 13 Cr for capex, Rs. 25 Cr for investment in subsidiaries, Rs. 39.63 Cr for long-term working capital, and Rs. 74 Cr for general corporate purposes. Approximately Rs. 0.42 Cr remains unutilized in a monitoring account, expected to be deployed shortly. All utilization aligns with the company’s stated objectives, supporting its growth and operational strategies.