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Namo Ewaste Management has announced a board meeting reviewing the utilization of Rs. 51.2 Cr from its recent IPO. Key fund uses include Rs. 7 Cr for a new Nashik factory via its subsidiary, Rs. 20.27 Cr for working capital, and Rs. 7.76 Cr for corporate purposes. A small variance of Rs. 0.32 lakh in issue expenses was noted and clarified. About Rs. 4.2 Cr remains unspent on the factory, and Rs. 1.73 Cr is pending for working capital, indicating ongoing investment in expansion and operational support.