Please find enclosed Monitoring Agency Report for quarter ended June 30, 2025.
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Rashi Peripherals has filed the quarterly Monitoring Agency Report from CARE Ratings for its Rs. 600 crore IPO. Of the Rs. 554.14 crore earmarked for specific purposes, Rs. 548.62 crore has been utilized and Rs. 5.52 crore remains unutilized. The full Rs. 326 crore allocated for loan prepayment and Rs. 220 crore for working capital have been fully deployed. Only Rs. 2.62 crore out of the Rs. 8.14 crore earmarked for General Corporate Purposes (GCP) has been used so far, with Rs. 5.52 crore still pending. During the quarter, just Rs. 0.27 crore was spent on GCP-related capital expenditure. The Monitoring Agency confirmed no deviation from the stated objects and no material changes from prior reports.
This is a routine compliance filing with no negative surprises — IPO funds have been deployed largely as planned and there are no deviations from stated objectives. The delay in deploying the small Rs. 5.52 crore GCP balance has been formally acknowledged and the timeline extended via a board resolution to FY26, which is a minor governance point but unlikely to move the stock.