Western Carriers (India) Limited — Others, 11-08-2025: Monitoring Agency Report

Western Carriers (India) Limited's IPO proceeds utilization report for the quarter ended June 30, 2025, shows sound financial management. The monitoring agency, Crisil Ratings, confirmed 400.00 Cr gross IPO proceeds are utilized as per the Offer Document. To date, 252.96 Cr has been deployed. This includes 163.50 Cr for debt repayment and 27.89 Cr for capital expenditure on commercial vehicles and specialized containers. Additionally, 26.92 Cr was allocated for general corporate purposes, funding strategic initiatives like purchasing a reach stacker and constructing a private freight terminal. The remaining 147.04 Cr unutilized funds are securely held in fixed deposits.