NACDAC Infrastructure Ltd — Updates, 30-05-2025: Company Update

Nacdac Infrastructure has announced a board meeting on the financial results for the quarter and half-year. The company issued 28.6 lakh equity shares at a premium of ₹25 each via its public issue and got listed on BSE SME Platform in December 2024. The statutory auditors have certified the utilization of issue proceeds amounting to ₹10.01 Cr, primarily for working capital (₹7.04 Cr), general corporate expenses (₹1.42 Cr), and issue expenses (₹1.09 Cr). As of March 31, 2025, ₹0.46 Cr remains unutilized and is invested in fixed deposits. The auditors confirmed the conformity of utilization with the stated purpose.