Creative Newtech Limited — Others, 15-02-2025: Monitoring Agency Report

Creative Newtech Limited has shared a monitoring agency report addressing the utilization of proceeds from its recent preferential issue, amounting to ₹1,061.71 million. The report, prepared by Crisil Ratings Limited, indicates no deviations from the stated objectives and confirms full compliance with the utilization disclosed in the offer document.

This positive assessment could bolster investor confidence as it reflects the company's commitment to transparency and effective capital management. However, the unutilized funds totaling ₹261.57 million and the lack of recent deployment highlight potential opportunities for strategic investment or reinvestment. Overall, the report suggests a steady operational outlook, but investors should remain aware of the deployment timeline for the proceeds yet to be utilized.