Ganesh Green Bharat Limited — Others, 15-05-2025: Monitoring Agency Report

Ganesh Green Bharat Limited has announced a board meeting on the financial results for the quarter and half-year. The company has utilized most of its IPO proceeds of Rs. 125.23 Cr as planned, with Rs. 3.93 Cr remaining unspent due to delays in plant machinery installation and general corporate expenses. These funds are parked in fixed deposits and expected to be used by March 2026. The company has repaid certain borrowings and supported working capital needs as intended, with slight delays approved by the Board, having no impact on operations or investor outlook.