Flair Writing Industries Limited — Others, 15-05-2025: Monitoring Agency Report

Flair Writing Industries Limited has announced a Monitoring Agency report from ICRA Limited confirming that Rs. 273.04 Cr of IPO proceeds are being utilized as planned. The funds are allocated across setting up a new unit (Rs. 56 Cr), capital expenditure (Rs. 87 Cr, partly advanced), working capital (Rs. 77 Cr), debt repayment (Rs. 43 Cr), and corporate purposes (Rs. 10.3 Cr). Some capital expenditure has a six-month delay but is expected to complete by Q2 FY26. Unused funds of Rs. 74.9 Cr remain in fixed deposits yielding 6.5–7.4% interest.