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Tejas Cargo India Limited has announced a Monitoring Agency Report confirming that Rs. 105.84 crore raised from its IPO was properly utilized. Key uses included Rs. 16.36 crore for additional trailers, full deployment towards working capital, and issue-related expenses. No funds were used for loan repayment due to ongoing discussions on foreclosure charges. Some general corporate funds were used early for working capital and statutory payments. Remaining proceeds are held in fixed deposits earning interest, with no deviations or adverse impacts on fund deployment.