Acutaas Chemicals Limited — Others, 02-05-2025: Monitoring Agency Report

Ami Organics has announced a monitoring agency report confirming full utilization of Rs. 400 crore raised via its QIP. Rs. 250 crore was allocated to repay borrowings, Rs. 50 crore for capital expenditures including captive solar power projects, and Rs. 88.43 crore for general corporate purposes like supplier payments and advance tax. The captive solar project encountered delays due to regulatory approvals, with partial commissioning done and completion expected by end-May 2025. No deviations were reported, indicating smooth progress in achieving funding objectives.