Tunwal E-Motors Limited — Others, 26-05-2025: Utilisation of Funds

Tunwal E-Motors raised INR 81.72 Cr in its IPO. So far, INR 35 Cr has funded working capital, INR 5 Cr used for inorganic growth, and INR 20.41 Cr for corporate expenses. R&D expenditure stands at INR 1.45 Cr, with INR 3.55 Cr pending. IPO expenses of INR 16.31 Cr are fully settled. Fund deployment aligns with initial plans, mainly supporting operations and growth initiatives without any reported deviations.