JNK India Limited — Others, 15-05-2025: Monitoring Agency Report

JNK India Limited has announced CRISIL Ratings Limited's Monitoring Agency Report on its IPO proceeds utilization. The company raised Rs 300 crore, with net proceeds of Rs 282.18 crore mainly used for working capital. As of the quarter-end, Rs 233.9 crore was utilized, Rs 31.28 crore remains unutilized and is invested mainly in fixed deposits with top banks. Rs 17 crore was allocated to general corporate purposes. A minor delay is expected for utilizing Rs 0.49 crore, which will be deployed in the next fiscal year. No deviations or issues were reported.