Godavari Biorefineries Ltd

Godavari Biorefineries IPO Update: ₹325 Cr Utilization Report 📊

• Final monitoring report submitted for ₹325 crore IPO covering quarter ended December 31, 2025

• Minor deviation of ₹0.09 crore (0.03%) in funds transferred to monitoring account

• ₹3.37 crore reclassified from issue expenses to general corporate purposes via board resolution

• Funds commingled in cash credit accounts during utilization

• Net losses reported: ₹23.41 crore in FY25 and ₹57.61 crore in H1FY26

• Losses attributed to one-time tax changes and seasonal factors in sugar division

• All IPO proceeds fully utilized except for ₹0.09 crore not transferred to monitoring account

• No delays in implementing objects like debt repayment and general corporate purposes

• All objectives completed by March 2025