AXISCADES Technologies Limited — Others, 06-02-2025: Monitoring Agency Report

AXISCADES Technologies Limited has disclosed the Monitoring Agency Report concerning the utilization of proceeds from its Qualified Institutional Placement (QIP) for the quarter ended December 31, 2024. The report confirms that there has been no deviation in the use of funds from the disclosed objectives, and all amounts have been utilized as planned, with net proceeds reported at ₹20,347.40 crore. This positive oversight indicates the company's effective capital management, potentially fostering investor confidence. Overall, this development could reinforce a favorable outlook for AXISCADES in the market.