Belrise Industries Limited — Others, 13-08-2025: Monitoring Agency Report

BELRISE INDUSTRIES has submitted its IPO utilization report for the quarter ended June 30, 2025. The company confirmed that the Rs 2,150 Cr IPO proceeds have been utilized largely as planned, with no major deviations. BELRISE repaid Rs 1,596.02 Cr of outstanding borrowings. A small surplus of Rs 22.11 Cr from the borrowing repayment was reallocated to General Corporate Purposes, as per the flexibility outlined in the IPO offer document. The report shows Rs 1,801.18 Cr of proceeds have been utilized, including Rs 178.96 Cr for capital expenditure and working capital. The remaining Rs 348.82 Cr unutilized funds are currently invested in fixed deposits and bank accounts.