Ceigall India Limited — Others, 08-08-2025: Monitoring Agency Report

Ceigall India Limited has shared its monitoring agency report from ICRA Limited on the utilization of its IPO proceeds, totaling 6523.08 Million. The report confirms full and proper use of the funds, with no deviations from the stated objectives. Specifically, 99.79 Cr was utilized for equipment purchases, 384.48 Cr for repaying company borrowings, and 28.76 Cr for subsidiary borrowings. An additional 139.28 Cr was used for general corporate purposes. This update provides clarity to investors on how the IPO capital has been deployed as per the company's stated objectives.