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

AYM Syntex Limited has announced a Monitoring Agency Report confirming that Rs.141.76 Cr raised via a preferential equity issue is being deployed as intended. So far, Rs.70.01 Cr has been utilized, including Rs.11.25 Cr for capacity expansion in IDY and BCF plants, expected to complete within 1-1.5 years. The rest of the funds are held in cash credit accounts with no reported delays or deviations. This disciplined use of funds supports the company’s debt reduction, working capital optimization, and growth initiatives, enhancing operational efficiency and expansion potential.