CARYSIL LIMITED — Others, 12-02-2025: Monitoring Agency Report

Carysil Limited has submitted the Monitoring Agency Report for the quarter ended December 31, 2024, prepared by ICRA Limited, regarding the utilization of funds from its recent Qualified Institutions Placement (QIP). The report confirms that INR 121.65 crore raised is being utilized as per the initial objectives, with no deviations noted. The company has allocated funds for capital expenditures, working capital, and general corporate purposes, maintaining a positive outlook. This report may bolster investor confidence by demonstrating effective fund management and adherence to strategic goals.