Shivalic Power Control Limited — Important, 23-06-2025: Updates

Shivalic Power Control Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company reported revenue from operations of Rs. 132.36 Cr for the half-year, up from Rs. 102.18 Cr in the previous period. Cost of materials and operating expenses increased accordingly, with a moderate rise in finance costs. The IPO proceeds of Rs. 64.32 Cr have been partly utilized mainly for working capital and capital expenditure, with Rs. 25.76 Cr still unutilized. The auditor has issued an unmodified opinion, confirming no material concerns or pending litigations.