GRM Overseas Limited — Others, 12-08-2025: Monitoring Agency Report

GRM Overseas has filed its Monitoring Agency Report for the quarter ended June 30, 2025, detailing the use of funds from its Rs. 136.05 Cr preferential issue of convertible warrants. The report confirms that the company utilized the proceeds as per the stated objectives, with no deviations observed. During the quarter, Rs. 4.94 Cr was used for working capital requirements. Approximately 1.35 million warrants were also converted into equity shares, fetching an additional Rs. 15.21 Cr. A total of Rs. 10.29 Cr remains unutilized, reflecting prudent management of the raised capital. This transparency assures investors on fund deployment.