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  • Utilization of IPO Issue Proceeds For Period Ended On September 30, 2016 (Company Update)

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    Shyam Sunder
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    PNG lnfratech Limited provided a disclosure on the utilization of IPO proceeds as of September 30, 2016. As of that date, the company had utilized Rs. 42583 lacs out of the total issue size of Rs. 43470 lacs. The objects of the issue like funding working capital, investment in subsidiaries and capital repayment had been fully utilized, while Rs. 887 lacs remained unutilized for capital equipment and was kept in bank accounts. There were no deviations reported from the original objects stated in the offer document.

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    Original Title

    Utilization of IPO Issue proceeds for period ended on September 30, 2016 [Company Update]

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    PNG lnfratech Limited provided a disclosure on the utilization of IPO proceeds as of September 30, 2016. As of that date, the company had utilized Rs. 42583 lacs out of the total issue size of Rs. 43470 lacs. The objects of the issue like funding working capital, investment in subsidiaries and capital repayment had been fully utilized, while Rs. 887 lacs remained unutilized for capital equipment and was kept in bank accounts. There were no deviations reported from the original objects stated in the offer document.

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    5 views1 page

    Utilization of IPO Issue Proceeds For Period Ended On September 30, 2016 (Company Update)

    Uploaded by

    Shyam Sunder
    PNG lnfratech Limited provided a disclosure on the utilization of IPO proceeds as of September 30, 2016. As of that date, the company had utilized Rs. 42583 lacs out of the total issue size of Rs. 43470 lacs. The objects of the issue like funding working capital, investment in subsidiaries and capital repayment had been fully utilized, while Rs. 887 lacs remained unutilized for capital equipment and was kept in bank accounts. There were no deviations reported from the original objects stated in the offer document.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    PNG lnfratech Limited

    An ISO : 9001-2008 Certified Company

    Ref No. : PNC/SE/62/16-1 7

    Datet 07.12.2016

    To,

    To,

    The Manager
    The Department of Corporate Services
    BSE Limited
    Floor 25, P.J. Towers,

    The Manager

    The Listing Depafiment


    National Stock Exchange oflndia Limited
    Exchange Plaz4 Bandra Kurla Complex,
    Bandra (East), Mumbai-4oo 051
    Scrip code: PNCINFRA

    Dalal Street, Mumbai-400 001


    Scrip code:539150
    Dear Sir,
    Sub: Disclosure on utilization

    ofIPO Issue proceeds ofthe companv for period ended on September

    30.2016
    The details ofutilization ofIPO proceeds and amormt remaining unutilized as at September 30, 2016 is as

    follows:
    Rs. in Lac

    Sr.

    Objects of
    the Issue

    Particularc

    as

    per

    Prospectus

    Total
    utilization
    upto

    ReYised

    Object of
    the Issue

    Sept 30,

    Amount
    pending
    utilization

    2m6

    Funding working capital requirement

    15000

    15000

    15000

    Investment in our subsidiary, PNC


    Raebareli Highways Private Limited for
    pad-fi riancing the Raebareli-Jaunpur
    Project

    6500

    6500

    6500

    Investment in capital equipment

    8506

    8170

    7283

    887

    Repayment / prepayment ofcertain


    indebtedness

    3514

    35 r4

    3514

    General corporate purposes

    8l 10

    8535

    8535

    1840

    l7

    5l

    1751

    Issue related expensgs (only those

    apportioned to our company)

    TOTAL
    43470
    43470
    42583
    887
    * The amount pending utilization is kept in the Public Issue Bank Account & Fixed Deposit with Bank.
    There is no deviation in the use olproceeds from the objecls stated in the offer document during the said
    Quarter ended September 30, 2016.
    We request you to take the above infomation on record.

    Thanking you,

    Agarw

    ChiefFi

    ial Oflicer

    Corpomte Ofllce I PNC Tower,


    3/22-D, Civi Lnes, Bypass Road,
    N

    \)
    );

    3sX"9
    Tl

    91-5624054400 (30 Lines)


    91-524070000 (30 L nes)

    Fax : 91-562-4074411

    Email : ho@pncinfralech.com

    Fax : +91-11-29563844

    Ema | : delhiofiice@pfc nfralch.com


    Web. : wwwpncinfklech.com

    H-2, A9ra.282002

    Regd. Office I NBCC Plaza, Tower ll,


    4lh Floo., Pushp Vihar, SectoFV, Saket
    New Delhi-110017 (lndia)

    Te. : 91-11-29574800 (10 Lines)


    91 -

    1 1

    -29 566 51 1, 647 24 1 22

    i 145201011999P1C195937

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