Praveg Ltd — Updates, 14-08-2025: Company Update

Praveg Limited's monitoring report for the quarter ended June 30, 2025, details the utilization of preferential issue proceeds. The initial Rs 210.10 Cr issue was revised to Rs 205.33 Cr due to undersubscription. Out of these funds, Rs 128.77 Cr has been deployed for project expansion and Rs 0.10 Cr for subsidiary investments. The Rs 15.00 Cr allocated for general corporate purposes is fully utilized. A notable point for investors is the warrant conversion price of Rs 955 versus the current market price of Rs 445. This significant gap may deter warrant conversions, potentially affecting the realization of the remaining Rs 61.38 Cr and overall project objectives.