Shiv Texchem Ltd — Updates, 15-05-2025: Company Update

Shiv Texchem Limited has fully utilized ₹91.74 Cr of its IPO proceeds, primarily directed towards long-term working capital requirements as planned. No funds were allocated to general corporate purposes, though ₹16.74 Cr was utilized from unutilized amounts disclosed in their placement document. The Monitoring Agency, Acuité Ratings and Research, observed no deviations from the stated objectives or material changes in funding means. There are no favorable or adverse events impacting the use of the proceeds, and no delays or pending approvals affecting project implementation. This reflects disciplined use of funds aligned with IPO commitments, underpinning operational stability for shareholders.