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

Xpro India Limited has announced a monitoring agency report from Crisil Ratings on the use of proceeds from its Preferential Issue (Rs 140 Cr) and Qualified Institutional Placement (Rs 143 Cr). The company has utilized Rs 3.42 Cr of the Rs 10 Cr earmarked for working capital under the Preferential Issue, with remaining funds in fixed deposits. Under the QIP, most working capital and corporate expenses are fully utilized; Rs 3.13 million spent on capital expenditure and Rs 10.42 million on ERP implementation, expected by FY27. Borrowing repayment is slightly delayed, targeted by FY26. No significant issues reported.