Xpro India Limited — Others, 08-02-2025: Monitoring Agency Report

Xpro India Limited has announced a board meeting to discuss its monitoring agency reports related to the Preferential Issue and Qualified Institutions Placement (QIP) for the quarter ended December 31, 2024. The reports confirm that all proceeds from the preferential issue (₹140 crore) and QIP (₹1,500 million) were utilized according to the disclosure documents, with no deviations noted. As of the quarter's end, a significant portion remained unspent, set to be allocated in subsequent periods. Investor sentiment might remain stable, as the company appears committed to its planned financial strategies without major obstacles.