eMudhra Limited — Others, 12-05-2025: Monitoring Agency Report

eMudhra Limited has announced a Monitoring Agency Report confirming full utilization of Rs 193 Cr raised via QIP. The funds were allocated as planned: Rs 40.78 Cr for product development, Rs 27 Cr for working capital of its subsidiary eMudhra INC, Rs 85 Cr for inorganic growth initiatives, and Rs 40.22 Cr for general corporate purposes including marketing, employee incentives, and operational expenses. There were no deviations or delays, demonstrating disciplined capital allocation in line with the company’s growth strategy, which supports its operational and expansion plans.