Vakrangee Limited — Others, 12-02-2025: Monitoring Agency Report

Vakrangee Limited has submitted the Monitoring Agency Report for the quarter ended December 31, 2024, concerning the ₹162 crore raised through a preferential issue. The report from CARE Ratings reveals no deviations from the stated objectives for the fund utilization. The company utilized ₹83.24 crore, primarily for asset investments, while ₹88.84 crore remains unutilized, indicating a cautious approach. With no material deviations or risks noted, investor sentiment may lean positively; however, the idle funds highlight a potential cautiousness in market engagement or execution strategies moving forward.