Bhagiradha Chemicals & Industries Limited — Others, 13-08-2025: Monitoring Agency Report

Bhagiradha Chemicals has released its Monitoring Agency Report on the utilization of preferential issue proceeds. The report confirms that the entire INR 341.18 Cr raised has been fully deployed. Funds were used for capital expenditure on a new manufacturing unit and working capital for its subsidiary. Importantly, the report highlights no deviation from the stated objectives. This provides clarity to investors on the company's diligent use of raised capital for its growth plans.