- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
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Danish Power Limited has announced a board meeting on the financial results for the quarter and half-year. The Monitoring Agency report on IPO proceeds of Rs. 197.90 crore shows funds largely used as planned, except for some commingling in cash credit accounts. Capital expenditure of Rs. 11.54 crore toward factory expansion is delayed. Working capital utilized totals Rs. 38.90 crore, borrowings worth Rs. 20 crore fully repaid, and Rs. 9.93 crore spent on corporate purposes, including a Rs. 7.60 crore refundable advance for leased land. Unused funds of Rs. 100 crore are parked in fixed deposits yielding 7.4%-7.76%. Completion timelines remain uncertain.