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Syrma SGS Technology Limited has announced a monitoring agency report by Crisil Ratings on IPO proceeds utilization. The company has deployed Rs 303.75 Cr out of Rs 403 Cr allocated for capital expenditure related to R&D and manufacturing expansion, with completion shifted to FY26 to ensure efficient spending and capacity optimization. Nearly full utilization was achieved for working capital and general corporate purposes. Unused funds are parked in interest-bearing fixed deposits and current accounts. No delays or deviations affecting business operations were reported, reflecting disciplined financial management.