ALPHA TRIBE

Bondada Engineering LtdUpdates, 28-07-2025: Company Update

28-07-2025 | 10:15 am

Bondada Engineering has released its Monitoring Agency Report for the quarter ended June 30, 2025, regarding the utilization of funds from its Preferential Issue. The report confirms that the proceeds, totaling Rs 107.50 crore, have been fully utilized as originally intended for working capital requirements. The initial issue size was adjusted from Rs 185.00 crore due to undersubscription. With no unutilized balance remaining in the monitoring or share subscription accounts, this marks the final report for these specific issue proceeds, confirming the company's efficient and complete deployment of the raised capital.

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