JTL INDUSTRIES LIMITED — Others, 15-05-2025: Monitoring Agency Report

JTL Industries Limited has announced a Monitoring Agency Report confirming full utilization of Rs. 294.49 Cr raised through QIP, mainly for capacity expansion at Raigad, working capital, and corporate purposes. Capacity expansion is completed with Rs. 87.47 Cr spent. There are no material deviations or delays in fund usage. Separately, the company’s premises were searched by the Directorate of Enforcement, a development shareholders should monitor. The QIP proceeds are fully utilized with no balance remaining.