Transrail Lighting Limited — Others, 05-08-2025: Monitoring Agency Report

Transrail Lighting's latest monitoring report for the quarter ending June 30 provides an update on its Rs 450 crore IPO and private placement funds. The report confirms no deviation in how the funds have been utilized from the original plan. The company has deployed Rs 324.63 crore towards incremental working capital, capital expenditure, and issue expenses. While the utilization aligns with stated objects, there's a noted delay in the overall implementation timeline. The unutilized balance of Rs 125.37 crore is currently held in various fixed deposits.