CARYSIL LIMITED — Others, 09-05-2025: Monitoring Agency Report

Carysil Limited has announced a Monitoring Agency report from ICRA Limited confirming that funds raised through its ₹125 Cr QIP have been used as intended. As of the quarter-end, ₹38.23 Cr has been deployed towards capital expenditure (₹7.41 Cr), working capital (fully used at ₹31.25 Cr), and general corporate purposes (₹2.22 Cr). Around ₹55.09 Cr remains unutilized, placed in fixed deposits yielding 7.4%. There are no delays or deviations in fund usage, ensuring steady progress on expansions and operational financing.