IKIO Technologies Limited — Others, 11-02-2025: Monitoring Agency Report

IKIO Lighting Limited’s Monitoring Agency Report indicates that for the quarter ending December 31, 2024, there were no deviations in the utilization of IPO proceeds, which totaled Rs 3,261.41 million. The report, prepared by CRISIL Ratings, confirms the effective deployment of funds towards repayment of borrowings and investment in the Noida facility, with no major deviations observed from prior reports. This steady monitoring could foster a positive outlook among investors, reinforcing confidence in the company's adherence to strategic objectives and operational milestones. Overall, the company's financial discipline appears solid, supporting its growth ambitions.