Cello World Limited — Others, 14-08-2025: Monitoring Agency Report
14-08-2025 | 07:34 pm
14-08-2025 | 07:34 pm
Cello World's Qualified Institutional Placement (QIP) utilization report indicates that Rs. 663.32 crore of the total Rs. 737.32 crore raised has been utilized for its intended purposes. The remaining Rs. 74.00 crore, earmarked for a new manufacturing facility at its subsidiary Cello Consumerware Private Limited, remains unutilized. The company has extended the timeline for completing this facility from March 2025 to March 2026 via a board resolution. This update offers transparency on fund deployment, showing most QIP objectives are progressing, with a revised timeline for the delayed project.
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