Concord Enviro Systems Limited — Others, 08-08-2025: Monitoring Agency Report

Concord Enviro Systems' Monitoring Agency report for Q1 FY2026 confirms no deviation in the utilization of its Initial Public Offer proceeds. Out of the INR 175 Crore net IPO proceeds, INR 89.131 Crore has been utilized. Key allocations include INR 50 Crore for subsidiary debt repayment, INR 5 Crore for working capital, and INR 19.845 Crore for general corporate purposes, including raw material purchases for a wholly owned subsidiary. The unutilized balance of INR 85.869 Crore is securely invested in fixed deposits, earning interest. All IPO-funded projects are reported as being on schedule or completed.