EPACK Durable Limited — Others, 12-08-2025: Monitoring Agency Report

EPACK Durable's monitoring agency, ICRA, reported that the utilization of IPO proceeds is largely in line with the stated objectives for the quarter ended June 30, 2025. Out of the 379.34 Cr net proceeds, 201.95 Cr has been utilized. This includes the full 80 Cr for loan repayment and 53.48 Cr for capital expenditure. While 37 Cr of capex went to related-party vendors, the company's prospectus allowed for such changes in estimates. The remaining 177.39 Cr unutilized funds are prudently invested in fixed deposits, earning returns. No material deviations or project delays were noted, assuring investors of disciplined fund deployment.