Bhagiradha Chemicals & Industries Limited — Others, 15-05-2025: Monitoring Agency Report

Bhagiradha Chemicals has announced a board meeting and has raised INR 341.18 Cr through a preferential issue of 25.61 lakh convertible warrants to fund a new manufacturing unit by its subsidiary, Bheema Fine Chemicals Pvt. Ltd., in Karnataka. Of the funds, INR 320 Cr is allocated for capital expenditure and INR 21.18 Cr for working capital. By the quarter end, INR 294.36 Cr was utilized as planned, with the remaining INR 46.82 Cr held in fixed deposits and cash accounts. The project is progressing on schedule, supporting future growth prospects.