Flair Writing Industries Limited — Others, 28-07-2025: Monitoring Agency Report

Flair Writing Industries Limited has received its Monitoring Agency Report for the quarter, confirming that the utilization of its Initial Public Offer (IPO) proceeds aligns perfectly with the stated objects. Of the 273.04 Cr net proceeds, 228.14 Cr has been utilized across various objectives like setting up a new unit, funding capital expenditure, meeting working capital needs, and repaying borrowings. The remaining 44.89 Cr unutilized funds are strategically placed in fixed deposits. While most projects are on schedule, funding for capital expenditure is progressing with an estimated six-month delay, now expected by Q2 FY2026. This transparency assures investors on the use of raised capital.