Power Mech Projects Limited — Others, 30-07-2025: Monitoring Agency Report

Power Mech Projects' monitoring agency, CARE Ratings, confirms the company's Rs. 350 Cr Qualified Institutions Placement proceeds are being utilized as disclosed, with no material deviations. Funds for loan repayment (Rs. 20 Cr) and general corporate purposes (Rs. 83.40 Cr) are fully deployed. For the Rs. 240 Cr coal washery project, Rs. 36.30 Cr has been spent to date, with Rs. 203.70 Cr remaining unutilized and held in fixed deposits. Approvals for the washery faced delays, causing a postponement in full fund deployment, but all necessary approvals are now secured.