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

Nitco Limited has announced a Monitoring Agency Report from Infomerics Valuation and Rating Limited confirming full compliance in utilizing Rs. 625.21 Cr raised via its preferential equity shares and warrants. Funds were mainly used for repaying Rs. 197.2 Cr of debt, settling Rs. 45.26 Cr with operational creditors, supporting working capital (Rs. 46.17 Cr) in tiles and marble, acquiring real estate (Rs. 86.27 Cr, including promoter advances), and general corporate needs (Rs. 8.49 Cr). Rs. 79.85 Cr remains unutilized, held in fixed deposits at 7.5%.