Pondy Oxides & Chemicals Limited — Others, 05-11-2024: Monitoring Agency Report

Pondy Oxides and Chemicals Limited provided a Monitoring Agency Report for the quarter ending September 30, 2024, regarding the utilization of proceeds from its preferential equity issue. The report, conducted by CARE Ratings, confirmed no deviations in utilization from the intended purposes outlined in the offer document. The funds have been fully utilized as follows: Fixed Assets (Rs. 20 crore), Working Capital (Rs. 20 crore), and General Corporate Purposes (Rs. 10 crore). No material concerns were noted.