Updater Services Limited — Others, 31-10-2024: Monitoring Agency Report

Updater Services Limited has submitted the Monitoring Agency Report for Q2 FY2025, confirming no deviations in the utilization of funds raised through their Initial Public Offer. The report indicates that all funds were utilized as per the offer document, with a total of INR 191.76 crore utilized out of the planned INR 377.87 crore. The remaining unutilized funds are securely invested in short-term deposits, ensuring compliance with intended objectives.