Kriti Industries (India) Limited — Others, 14-08-2025: Monitoring Agency Report

Kriti Industries has received its Monitoring Agency Report for the preferential issue proceeds totaling Rs. 149.96 crore. The report confirms no deviations in the utilization of these funds from their stated objectives. A significant portion has been used for working capital and capital expenditure to expand pipe manufacturing capacity. The company's board confirms this expansion is progressing as per its initial phase plan. Remaining unutilized funds of Rs. 13.87 crore are held in fixed deposits. This indicates transparent and aligned fund deployment, crucial for the company's planned business growth.