Awfis Space Solutions Limited — Others, 13-02-2025: Monitoring Agency Report

Awfis Space Solutions Limited has submitted its Monitoring Agency Report for the quarter ending December 31, 2024, in compliance with regulatory requirements. The report confirms zero deviations from the intended objects of the IPO, which raised ₹128 crore. Key areas of fund utilization include capital expenditure on new centers and working capital, with a total of ₹39.21 crore utilized to date. The company's Board and Audit Committee have reviewed and approved the report, indicating a stable financial position. This positive development may bolster investor confidence, reflecting effective management of IPO proceeds.