Safari Industries (India) Limited — Others, 05-02-2025: Monitoring Agency Report

Safari Industries (India) Ltd has announced a board meeting to discuss the Monitoring Agency Report for the quarter ended December 31, 2024. The report, issued by CRISIL Ratings, confirms no deviation in the use of funds raised through the recent preferential issue of equity shares, totaling ₹228.96 crore (cr). The company has fully allocated the proceeds as intended, primarily for capital expenditure and working capital needs. This transparency supports a positive outlook for investors, indicating disciplined financial management and potential growth momentum.