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Saraswati Saree Depot Ltd. has provided the Monitoring Agency Report for the quarter ending December 31, 2024, issued by CRISIL Ratings. The report confirms that the proceeds from the company's recent Initial Public Offer (IPO) have been utilized as per the disclosed objectives, primarily for funding working capital requirements. The company raised Rs 1,600.13 million, with Rs 906.67 million net proceeds available after issue expenses. There are no reported deviations from the intended use of funds, suggesting a favorable outlook for operational stability, potentially enhancing investor confidence. Overall, this solid execution of planned utilization should support a positive investor sentiment going forward.