Mrs. Bectors Food Specialities Limited — Others, 08-11-2024: Monitoring Agency Report

Mrs. Bectors Food Specialities Limited reported that the proceeds from its Qualified Institutional Placement (QIP) have been utilized as per the stated objectives, confirming no deviations. The Monitoring Agency, ICRA Limited, verified that all funds are appropriately allocated for debt repayment, subsidiary investment, and general corporate purposes, with a total unutilized amount of INR 245 crore. The firm's projects are on schedule, with no significant events affecting viability.