Niraj Cement Structurals Limited — Others, 15-05-2025: Monitoring Agency Report

Niraj Cement Structurals Limited has announced a board meeting to discuss operational and financial updates. CARE Ratings highlighted deviations in how Rs. 103.56 crore from a preferential issue was used—funds were extended as inter-corporate deposits beyond the original plan and temporarily parked in portfolio management services, causing a minor unrealized loss of ₹0.54 crore that was recovered. The Board approved these moves as secured and necessary to support vendors and optimize treasury returns while preserving liquidity. The preferential issue was undersubscribed, resulting in a smaller issue size and adjusted allocation for working capital, subsidiary investments, and corporate needs.