Indegene Limited — Others, 28-04-2025: Monitoring Agency Report

Indegene Limited has provided a Monitoring Agency Report for the quarter ended March 31, 2025, concerning its IPO proceeds totaling ₹760 crores. The report reveals that during Q3FY25, the allocation for General Corporate Purposes (GCP) exceeded the regulatory threshold of 25%, reaching 29.89%. However, the company subsequently transferred ₹38 crores back to the Monitoring Account in Q4FY25. Notably, ₹227.19 crores were utilized for GCP and ₹19.60 crores for inorganic growth initiatives. The report affirms that no major deviations from the intended use of funds have occurred, reinforcing investor confidence in the company’s financial management.