Poly Medicure Limited — Others, 13-02-2025: Monitoring Agency Report

Poly Medicure Limited has disclosed the Monitoring Agency Report for the quarter ending December 31, 2024, prepared by CRISIL Ratings Limited. The report verifies the utilization of proceeds from the Qualified Institutional Placement (QIP) totaling ₹99,999.98 crore, with a net of ₹98,499.98 crore. No deviations or major utilization issues were reported, and funds totaling ₹90,000 crore remain invested in mutual funds. This update presents a stable outlook for investors concerned about the efficient use of capital, while the absence of significant deviations indicates effective management practices. Overall, the report reflects positively on the company's financial discipline and operational strategy.