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

Pakka Limited has announced a board meeting on the monitoring of its preferential issue raising Rs. 244.80 Cr through equity shares and fully convertible warrants. Funds have been mainly used for the Jagriti Project’s plant and machinery, with Rs. 68.25 Cr spent recently and Rs. 48.77 Cr still unutilized. Rs. 24.80 Cr was used for general corporate purposes, including repayment of cash credit facilities. Warrant subscriptions are secured with 25% upfront payment, though current share prices below the exercise price pose a risk of lapses. The project and subsidiary investments continue without delays.