Harsha Engineers International Ltd

Harsha Engineers’ FY25 Update: Capex Delays & Write-offs 📊

- ₹73.51Cr spent on machinery (out of ₹77.95Cr allocated).

- ₹7.12Cr fully utilized for infrastructure repairs.

- Capex & repair projects delayed, now targeting FY26 completion.

- ₹4.44Cr unutilized funds held in fixed deposits.

- Monitoring Agency flagged commingling of funds in cash credit accounts.

- ₹19.99Cr written off in Q4FY25 (disputed solar-EPC receivables).

- ₹95Cr impairment on investment in Harsha Engineers Europe SRL (Romania).

- IPO proceeds: ₹270Cr prepaid borrowings (fully utilized), ₹74.33Cr for corporate purposes (fully utilized).