ALPHA TRIBE

TruCap Finance LimitedOthers, 13-02-2025: Monitoring Agency Report

13-02-2025 | 06:41 pm

TruCap Finance Limited confirms it has not raised funds through public, rights, or preferential issues during the quarter ended December 31, 2024. The proceeds from its previous preferential issue of convertible warrants, totaling ₹88.25 crore, have been fully utilized as intended, with no deviations reported. The Monitoring Agency, Infomerics, concurs, noting adherence to the stated objectives of fund usage. This solidifies financial transparency and effective capital allocation, indicating a positive outlook for shareholders who may appreciate the company's commitment to utilizing funds appropriately.

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