Vishnu Prakash R Punglia Limited — Others, 15-05-2025: Monitoring Agency Report

Vishnu Prakash R Punglia Limited has announced that it fully deployed its IPO proceeds of Rs 308.61 Cr across capital expenditure, working capital, and general corporate purposes by March 31, 2025. Although there was a deviation from the original fund utilization plan, shareholders approved the inclusion of additional asset purchases and term loan repayments linked to capital assets. The company reports no delays or adverse impacts on project execution, indicating disciplined use of funds and stable operational progress.