Pelatro Limited — Others, 04-08-2025: Monitoring Agency Report

Pelatro Limited's Monitoring Agency Report for the quarter ended June 30, 2025, confirmed that its Rs. 55.98 Cr IPO proceeds are being used as per objectives, with no deviations. However, the report noted ongoing delays in utilizing funds allocated for capital expenditure, with Rs. 9.02 Cr remaining unspent from the Rs. 10.12 Cr designated. The monitoring agency highlighted this delay could potentially affect the company's viability. Funds for general corporate purposes experienced a short delay but are now fully utilized. The remaining unutilized Rs. 9.18 Cr is primarily held in fixed deposits. Investors should keep an eye on capital expenditure deployment.