Aether Industries Limited — Others, 07-05-2025: Monitoring Agency Report

Aether Industries Limited has announced a Monitoring Agency Report by Crisil Ratings on the utilization of QIP proceeds totaling Rs 728.61 Cr. The funds are earmarked for expanding Manufacturing Facility 3 (Rs 183 Cr), setting up Facility 5 (Rs 330 Cr), working capital (Rs 45 Cr), and corporate purposes (Rs 170.6 Cr). About Rs 49.90 Cr remains unutilized, mainly for capital expenditure, with completion of Facility 3's expansion delayed due to product and customer changes, now expected by Q4 FY2026. Unused funds are parked in fixed deposits generating healthy returns. No adverse events affecting fund use have been reported.