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Carysil Limited disclosed that it has successfully utilized funds raised through its Qualified Institutions Placement (QIP) for the quarter ended September 30, 2024, with no deviations from the stated objectives. All proceeds, amounting to ₹121.65 crore, are in line with the offer document, primarily funding capital expenditures and working capital needs. The Monitoring Agency, ICRA Limited, confirmed compliance, and no major unfavorable events were reported impacting the viability of the projects.