Himatsingka Seide Limited — Others, 15-05-2025: Monitoring Agency Report

Himatsingka Seide Limited has announced a Monitoring Agency Report on the Rs.400 crore QIP proceeds raised in October 2024. So far, Rs.261.64 crore has been used to repay borrowings, and Rs.77.60 crore allocated for general corporate purposes. Issue-related expenses are fully utilized. The company has extended the timeline to fully repay debt using these funds to the second quarter of fiscal 2026. Unutilized funds of Rs.38.36 crore are parked in fixed deposits earning 4.75% interest, which has partly funded general corporate expenses. No deviations or material changes reported.