Diffusion Engineers Limited — Others, 14-08-2025: Monitoring Agency Report

Diffusion Engineers Limited's IPO fund utilization report by CRISIL Ratings confirms no deviation from the stated objects for the quarter ended June 30, 2025. Out of the 142.20 Cr net IPO proceeds, the company utilized 1.96 Cr during the quarter, primarily for capital expenditure towards expanding its Unit IV facility and setting up a new plant. A total of 54.23 Cr has been utilized so far across all objectives, including issue expenses. The remaining unutilized proceeds of 103.73 Cr are largely held in fixed deposits, generating interest. This indicates steady progress on planned projects with careful management of unspent funds.