Enviro Infra Engineers Limited — Others, 13-08-2025: Monitoring Agency Report

Enviro Infra Engineers (EIEL) has released its Monitoring Agency Report on IPO proceeds utilization. The report confirms no deviation from the stated objectives for the quarter. Out of net IPO proceeds of Rs 517.27 Cr, EIEL has utilized Rs 380.01 Cr. Key uses include Rs 156.74 Cr for working capital, Rs 29.73 Cr for its Mathura STP subsidiary, and Rs 120.00 Cr for debt repayment, which is now fully completed. Additionally, Rs 73.53 Cr was used for general corporate purposes, including the acquisition of EIE Renewables. The unutilized balance of Rs 137.27 Cr is primarily invested in fixed deposits.