Kriti Industries (India) Limited — Others, 15-05-2025: Monitoring Agency Report

Kriti Industries (India) Limited has announced a board meeting to consider the financial results for the quarter and half-year. CARE Ratings confirmed no deviation in the use of Rs.149.96 Cr raised via preferential share warrants, with funds mainly used for working capital (Rs.55.32 Cr), capital expenditure at existing facilities (Rs.9.47 Cr), and Rs.5.86 Cr held in fixed deposits. Despite the current share price being below the warrant exercise price, management is confident about the company’s growth outlook, with no delays or changes in fund utilization.