Platinum Industries Limited — Others, 14-08-2025: Monitoring Agency Report

Platinum Industries' Monitoring Agency Report details IPO proceeds utilization. Out of 211.83 Cr net proceeds, 93.27 Cr was utilized by quarter-end. This includes 49.71 Cr for the Palghar manufacturing facility and 1.33 Cr for the Egypt unit. Working capital saw 16.92 Cr deployed, with 25.30 Cr for general corporate needs, including minor bank charges. The remaining 118.56 Cr unutilized funds are primarily held in fixed deposits. Some government approvals for Egypt and Palghar facilities are pending, expected as project stages advance. This update confirms ongoing fund deployment for growth.