Acutaas Chemicals Limited — Others, 29-01-2025: Monitoring Agency Report

Ami Organics Limited has submitted the Monitoring Agency Report for the quarter ended December 31, 2024, verifying the utilization of proceeds from its Rs. 400 crore Qualified Institutional Placement (QIP). The report indicates no deviations from the intended uses, confirming a total utilization of Rs. 290.57 crore across specified objectives, including repayment of borrowings and capital expenditure. Delay in capital projects is noted but attributed to extended monsoon conditions. This reiteration of prudent capital management could foster a positive outlook among investors, highlighting the company's commitment to operational transparency and effective resource allocation.