Xpro India Limited — Others, 28-07-2025: Monitoring Agency Report

Xpro India's latest monitoring report for the quarter outlines the utilization of capital raised through its Preferential Issue (PI) and Qualified Institutional Placement (QIP). Of the Rs 140 crore PI, Rs 136.58 crore remains unutilized, with Rs 62.42 crore currently held in a subsidiary's fixed deposits earmarked for future expansion. The QIP, which netted Rs 143 crore, is substantially utilized, with Rs 141.57 crore already deployed for capital expenditure, loan repayment, working capital needs, and an enterprise resource planning system. A remaining Rs 1.43 crore from the QIP is yet to be utilized. All funds are being used in line with stated objectives.