Quarterly Result25 Jul 2025, 04:42 pm
Paras Defence and Space Technologies Utilizes QIP Funds of Rs. 135.182 Crores
AI Summary
Paras Defence and Space Technologies Ltd, a company in the Aerospace & Defense sector, has utilized the funds raised through Qualified Institutions Placement (QIP) amounting to Rs. 135.182 crores. The Monitoring Agency Report issued by ICRA Limited confirms the utilization of the funds in line with the objects of the issue. The report also mentions that there are no material deviations from the expenditures disclosed in the Offer Document and all Government/ statutory approvals related to the object(s) have been obtained.
Key Highlights
- Paras Defence and Space Technologies Ltd has utilized the funds raised through QIP
- The utilization of funds is in line with the objects of the issue
- No material deviations from the expenditures disclosed in the Offer Document
- All Government/ statutory approvals related to the object(s) have been obtained