Marine Electricals (India) Limited — Others, 12-08-2025: Monitoring Agency Report

Marine Electricals (India) Limited's monitoring agency report for the preferential issue proceeds for the quarter ending June 30, 2025, shows no material deviation from stated objectives. Of the revised issue size of INR 149.22 Cr, INR 118.47 Cr in actual proceeds have been received. The company has utilized INR 38.47 Cr, allocating funds to long-term working capital, repayment of secured loans, and general corporate purposes, including INR 2.89 Cr for issue-related expenses. The unutilized balance of INR 80.00 Cr is invested in fixed deposits. All planned fund uses are reported to be on schedule.