One 97 Communications Limited — Others, 20-01-2025: Monitoring Agency Report

One 97 Communications Limited has announced a board meeting to discuss the Monitoring Agency Report for the quarter ended December 31, 2024, issued by Axis Bank. The report confirms no deviation in the utilization of proceeds from the Initial Public Offer, amounting to ₹18,300 Cr (Cr). Effective utilization supports the company’s growth plans in digital payment and financial services. This clarity enhances investor confidence, reflecting a positive outlook due to the responsible management of IPO funds, which may attract continued interest in the stock.