Cello World Limited — Others, 15-05-2025: Monitoring Agency Report

Cello World Limited has announced a board meeting that includes reviewing the financial results for the quarter and half-year. The company’s QIP proceeds of Rs. 737.32 Cr are being utilized as planned, with CARE Ratings confirming no material deviations. Deployment of Rs. 105.25 Cr for a new production facility at its subsidiary is delayed, with only Rs. 13.61 Cr spent so far; completion and production are now expected by Q2 and Q3 FY26, respectively. Other uses like borrowings repayment and working capital remain on schedule, with unutilized funds invested in liquid mutual funds.