Afcons Infrastructure Limited — Others, 14-02-2025: Monitoring Agency Report

Afcons Infrastructure Limited has submitted a Monitoring Agency Report from Crisil Ratings Limited regarding the utilization of proceeds from its recent IPO for the quarter ending December 31, 2024. The gross proceeds amount to ₹12,500 million, with ₹12,061.17 million net after issue expenses. As of the reporting period, no deviations from the disclosed use of funds were identified, although significant amounts remain unutilized primarily in long-term working capital and general corporate purposes. This update indicates effective adherence to the planned expenditure, presenting a positive outlook for investor confidence in the management of funds.