Paras Defence and Space Technologies Limited — Others, 25-07-2025: Monitoring Agency Report

Paras Defence and Space Technologies' Monitoring Agency Report for the quarter ended June 30, 2025, confirms the full utilization of Rs. 135.182 Cr raised via Qualified Institutions Placement (QIP). ICRA Limited, the monitoring agency, reported no deviation from the stated objects of the issue. The funds were primarily allocated for working capital requirements (Rs. 120.000 Cr) and general corporate purposes (Rs. 10.987 Cr), with actual net proceeds slightly higher than estimated due to lower offer expenses. This update reassures investors that the QIP funds were deployed as intended, bolstering the company's operational capabilities.