Harsha Engineers International Ltd

Harsha Engineers IPO Funds: No Deviations Reported 🏭📊

- IPO raised ₹45,500 lakhs on September 26, 2022.

- Funds allocated: ₹270 Cr (borrowings), ₹77.95 Cr (machinery), ₹7.12 Cr (infrastructure), ₹74.33 Cr (general corporate).

- Audit Committee & Board reviewed & approved usage on November 6, 2025.

- CARE Ratings Limited monitored fund utilization.

- No deviations or concerns flagged by auditors.