Jyoti CNC Automation Limited — Others, 10-02-2025: Monitoring Agency Report

Jyoti CNC Automation Limited has submitted a report from CARE Ratings regarding the utilization of its IPO proceeds for the quarter ended December 31, 2024. The net proceeds available for utilization amount to ₹950.91 crore, with no deviations from the intended use reported. The company fully utilized the funds for debt repayment, long-term working capital, and general corporate purposes, with all expenses accounted for as expected.

This update reaffirms the company's financial discipline and effective management of IPO funds, likely fostering a positive outlook among investors who value transparency and strategic execution.