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

Rexpro Enterprises has released its Monitoring Agency Report on IPO proceeds utilization for the quarter ended June 30, 2025. The report confirms no deviation from the stated IPO objectives. Of the INR 47.13 Cr fresh issue proceeds, INR 11.75 Cr has been utilized for issue expenses, general corporate purposes, and partially for working capital. The remaining INR 35.38 Cr is currently held in fixed deposits. The company notes delays in fully utilizing funds for equipment purchase and factory renovation, citing evaluation of updated, more cost-effective technology. Full deployment for these objects and remaining working capital is planned for the current financial year.