Delhivery Limited — Others, 14-11-2024: Monitoring Agency Report

Delhivery has provided the Monitoring Agency Report for the quarter ended September 30, 2024, confirming no deviations in the utilization of IPO proceeds as monitored by Axis Bank. The report outlines continued alignment with the objectives stated in the offer document, demonstrating effective use of funds across various initiatives, including infrastructure expansion and operating system upgrades. The company has temporarily invested unutilized IPO proceeds, generating interest income. This transparency could bolster investor confidence, presenting a positive outlook for the company's financial management and operational strategy moving forward.