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

Sanstar Limited has announced a Monitoring Agency Report confirming that INR 247.10 Cr of its INR 363.48 Cr IPO proceeds have been used as planned, mainly for expanding its Dhule facility (INR 65.17 Cr), repaying borrowings (INR 100 Cr), and general corporate purposes (INR 81.93 Cr). The remaining INR 116.38 Cr sits in fixed deposits earning about 7.5% p.a. There were no deviations or delays, highlighting disciplined fund use that supports growth and strengthens the balance sheet.