Enviro Infra Engineers Limited has provided an update regarding the utilization of proceeds from its Initial Public Offering (IPO), totaling Rs 5,381.06 lakhs as of September 30, 2025. This information was disclosed in a Monitoring Agency Report dated November 10, 2025, issued by Crisil Ratings Limited. The report, prepared under SEBI regulations, confirms that the funds were utilized in alignment with the intended objectives outlined in the placement document. Notably, during the reported quarter, the company used Rs 10.39 lakhs from the IPO proceeds, indicating a careful management of its financial resources.

The IPO, which took place from November 22 to November 26, 2024, had a total issue size of Rs 65,030.04 lakhs, comprised of a fresh issue of Rs 57,234.96 lakhs and an offer for sale of Rs 7,795.08 lakhs. After accounting for expenses of Rs 5,507.71 lakhs, the net proceeds available to the company were Rs 51,727.25 lakhs. As per the report, the cumulative expenditure from the IPO funds has been closely monitored, with Rs 374.00 lakhs previously spent from internal accruals being reimbursed from the monitoring account to the company's current account.

Currently, Rs 126.32 lakhs of the IPO proceeds remain in fixed deposits, indicating a prudent approach to cash management. The report underscores that there were no deviations from the intended use of funds, affirming the company's commitment to transparency and regulatory compliance. Piyush Jain, the Company Secretary, reaffirmed the importance of maintaining accurate records and fulfilling obligations to stakeholders, reflecting Enviro Infra Engineers Limited's steadfast focus on financial integrity and accountability in its operations.