Paradeep Parivahan Ltd — Updates, 30-05-2025: Company Update

Paradeep Parivahan Limited has announced a board meeting regarding the financial results for the quarter and half-year. The company raised Rs. 44.86 Cr through its IPO and reported no deviation or variation in the utilization of these funds. Of the total, Rs. 35 Cr is allocated for working capital, planned for use after the quarter-end, and about Rs. 9.86 Cr for general corporate purposes. The Audit Committee reviewed and approved the fund utilization report, confirming the company is on track with its intended use of IPO proceeds. This reflects disciplined financial management and operational focus post-IPO.