Danish Power Limited — Others, 14-08-2025: Monitoring Agency Report

The Monitoring Agency's report on Danish Power Limited's Rs. 197.90 Cr IPO proceeds notes no major deviations from stated objectives. General Corporate Purpose funds were utilized for land acquisition, which the company's Board approved. While there are noted delays in capital expenditure and working capital utilization, the company has extended these timelines via a Board Resolution, aligning with prospectus flexibility. An increased operating cycle is attributed to optimizing finance costs and aligning inventory with business growth. Approximately Rs. 75.00 Cr of the IPO funds remain unutilized, currently invested in fixed deposits.