Bikewo Green Tech Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting

Bikewo Green Tech has announced a board meeting on approval of the financial results for the quarter and half-year, reporting total income of ₹23.63 Cr and a profit after tax of ₹0.59 per share. Key costs included ₹7.93 Cr on inventory and ₹0.48 Cr in finance expenses. The company’s capital work-in-progress stands at ₹9.60 Cr, primarily for EV retrofitting. IPO funds of ₹24.09 Cr have been mostly used for electric two-wheeler inventory (₹4.56 Cr), launching 11 dealerships (₹5.62 Cr), debt repayment, and other corporate needs, with ₹2.02 Cr still unspent. Audit came through clean with no issues on fund usage.