Indobell Insulations Ltd — Updates, 24-05-2025: Company Update

Indobell Insulations Limited has announced that there is no deviation in the utilization of funds raised through its IPO totaling Rs. 1014.30 lakh. Funds have been fully deployed as planned for working capital, corporate expenses, and public issue costs. An amount of Rs. 41 lakh earmarked for purchasing additional plant and machinery remains in a fixed deposit and will be used when the purchase occurs. This disciplined fund management supports the company’s operational and expansion plans, ensuring alignment with shareholder expectations and strategic goals.