JNK India Limited — Others, 13-08-2025: Monitoring Agency Report

JNK India Limited's monitoring agency, CRISIL Ratings, has issued a report on the utilization of the company's Initial Public Offer (IPO) proceeds. The report confirms that the net proceeds, amounting to approximately Rs 282.18 crore, have been utilized as disclosed in the offer document, primarily for working capital and general corporate purposes. Around Rs 253.01 crore has been utilized, with the remaining Rs 29.17 crore deployed in fixed deposits. This update assures shareholders that the IPO funds are being deployed as planned, demonstrating the company's financial discipline and commitment to its stated objectives.