Sahasra Electronic Solutions Limited — Others, 20-05-2025: Monitoring Agency Report

Sahasra Electronic Solutions Limited has announced a monitoring agency report on the utilization of IPO proceeds totaling Rs. 172.01 crore. Most funds were used as planned for capex, working capital, and corporate purposes. However, Rs. 2.85 crore allocated for subsidiary capex was instead used for normal business expenses, representing a significant deviation. The subsidiary had Rs. 1.31 crore available versus a remaining capex requirement of Rs. 4.16 crore. Despite this, manufacturing expansions and working capital funding are progressing. This deviation may concern shareholders due to the lack of prior approval.