MAS Financial Services Limited — Others, 23-10-2024: Monitoring Agency Report

MAS Financial Services Limited has received a Monitoring Agency Report from CARE Ratings for the utilization of Rs. 484.72 crore raised through its Qualified Institutions Placement (QIP) for the quarter ending September 30, 2024. The report confirms that there were no deviations in fund usage from stated objectives, and all proceeds have been appropriately utilized for customer loans. The company has fully utilized the QIP proceeds with no idle funds.