Tejas Cargo India Limited — Others, 14-08-2025: Monitoring Agency Report

Tejas Cargo India Limited's IPO proceeds of Rs. 105.84 crore have been fully utilized as per the original plan. A recent monitoring report from CARE Ratings confirms no deviation in how the funds were spent. Money was deployed for key objectives including purchasing additional trailers, managing working capital, and repaying loans. The report highlights that all funds are now fully used to support business operations and growth, with no identified issues impacting the viability of these projects. This update provides clarity on the company's commitment to its IPO promises.