Wockhardt Limited — Others, 07-02-2025: Monitoring Agency Report

Wockhardt Limited’s monitoring agency report for the quarter ended December 31, 2024, confirms the proper utilization of proceeds from two Qualified Institutional Placements (QIPs) totaling ₹1,480.04 Crore. The company utilized ₹393.85 Crore out of the total net proceeds of ₹973.97 Crore from the second QIP, while confirming that there was no deviation from the originally stated objectives. The strategic aim is to repay existing borrowings and support clinical trials and R&D efforts. This transparency in fund utilization may enhance investor confidence, presenting a positive outlook for the company's financial health and operational growth.