IndoStar Capital Finance Limited — Others, 13-05-2025: Monitoring Agency Report

IndoStar Capital Finance has announced a Monitoring Agency Report by Crisil Ratings on the preferential issue of convertible warrants to promoters and non-promoters. The proceeds are being used as planned to support growth initiatives and strengthen the lending capital base. As of the quarter end, Rs 50 Cr of Rs 200 Cr from non-promoters and Rs 205 Cr of Rs 257 Cr from promoters have been received and deployed; remaining funds await warrant conversion. No new utilization occurred this quarter, with funds held ready for future use, underscoring disciplined capital management aligned with lending expansion.