Creative Newtech Limited — Others, 13-11-2024: Monitoring Agency Report

Creative Newtech Limited has submitted a Monitoring Agency Report for the quarter ended September 30, 2024, pertaining to its recent Preferential Issue. The report, prepared by CRISIL Ratings Limited, confirms that all proceeds from the issue, amounting to ₹1,061.71 million, are being utilized as disclosed, with no deviations noted. The company used ₹495.10 million for working capital needs while ₹199.71 million remains designated for General Corporate Purposes but has not yet been utilized. This transparency may enhance investor confidence by indicating effective capital management and adherence to strategic goals. Overall, it presents a positive outlook for the firm's operational integrity.