Himatsingka Seide Limited — Others, 12-08-2025: Monitoring Agency Report

Himatsingka Seide's QIP fund utilization is proceeding as planned, according to the latest monitoring report. Of the Rs. 400 crore raised through the Qualified Institutional Placement, Rs. 267.40 crore has been deployed for debt repayment, Rs. 77.60 crore for general corporate purposes, and Rs. 22.40 crore for issue expenses. The timeline for completing the debt repayment objective has been extended through a Board resolution to the end of the second quarter of fiscal year 2026. The remaining Rs. 32.60 crore from the QIP proceeds is currently held in Fixed Deposits. This update provides clarity on the company's use of raised capital.