Zota Health Care LImited — Others, 14-11-2024: Monitoring Agency Report

Zota Health Care Limited has submitted a Monitoring Agency Report from CRISIL Ratings Limited concerning the utilization of funds from its recent preferential issue for the quarter ending September 30, 2024. The report confirms that all funds are being utilized as per the disclosed objectives with no deviations reported. Out of the ₹179.07 crore raised, approximately ₹39.11 crore remains unutilized, primarily due to the phased implementation strategy for the DAVAINDIA project expansion. This indicates a structured and methodical approach to fund deployment, potentially fostering a positive outlook among investors reflecting confidence in the company's financial management and strategic implementation of its projects.