Ramdevbaba Solvent Limited — Important, 04-06-2025: Updates

Ramdevbaba Solvent Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company reports no deviation in the use of funds from its IPO (Rs. 44.62 Cr) and preferential issue (Rs. 26.04 Cr). IPO funds have been fully used for a new manufacturing facility, debt repayment, and corporate needs. From the preferential issue, Rs. 18.14 Cr has been utilized for capital enhancement and subsidiary loan repayment, with Rs. 7.91 Cr still pending from warrant holders.