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

Sacheerome Limited has received the Monitoring Agency Report from CRISIL Ratings for its Initial Public Offer (IPO) proceeds utilization for the quarter ended June 30, 2025. The report confirms no deviation from the IPO objects. Net proceeds were slightly revised to 58.12 Cr from 58.05 Cr due to lower issue expenses, with the 0.06 Cr difference added to General Corporate Purposes (GCP), now totaling 1.62 Cr. The company utilized 2.59 Cr for its new manufacturing facility, leaving 53.91 Cr for this project. The 1.62 Cr allocated for GCP remains unutilized. Total unutilized proceeds of 55.53 Cr are primarily invested in fixed deposits, ensuring funds are managed effectively as the project progresses.