Sahasra Electronic Solutions Limited — Others, 14-08-2025: Monitoring Agency Report

Sahasra Electronic Solutions' IPO fund utilization report shows Rs. 1.37 crore earmarked for subsidiary capital expenditure was improperly used for general business expenses, marking a deviation from stated IPO objectives. Although the subsidiary has partially offset earlier shortfalls with its own funds, this amount remains diverted. Furthermore, significant delays persist in the company's main capital expenditure for the Bhiwadi plant, with only Rs. 7.49 crore utilized against a Rs. 65.97 crore target. The report also highlights a moderation in standalone financial performance and consolidated losses attributed to the subsidiary, signaling challenges for shareholders in project execution and profitability.