Maxposure Limited — Others, 14-11-2024: Utilisation of Funds

Maxposure Ltd. has provided an update on the utilization of IPO proceeds as of September 30, 2024. Out of the total ₹2026.20 cr allocated, ₹476.57 cr has been utilized, leaving ₹1549.63 cr unutilized. Key allocations include ₹350 cr for FAA and EASA certifications, with ₹39.72 cr used; ₹850 cr for working capital, with ₹154.39 cr utilized; and ₹250 cr for debt repayment, of which ₹95.65 cr has been used. Additionally, ₹381.64 cr remains unutilized for general corporate purposes and ₹194.56 cr for IPO expenses has seen ₹186.81 cr spent. All objectives are on track with no deviations reported.