Kriti Industries (India) Limited — Others, 12-02-2025: Monitoring Agency Report

Kriti Industries (India) Limited has submitted the Monitoring Agency report from CARE Ratings, detailing the utilization of proceeds from its preferential issue totaling ₹149.96 crore for the quarter ended December 31, 2024. The report confirms no deviations from the intended use of funds and indicates that of the ₹37.49 crore raised, ₹33.47 crore has been utilized, primarily for working capital. This reflects a well-managed financial strategy, which could enhance investor confidence. The company's commitment to transparency and effective use of capital may contribute to a positive outlook for stakeholder interest going forward.