AXISCADES Technologies Limited — Others, 13-05-2025: Monitoring Agency Report

Axiscades Technologies Limited has announced full utilization of QIP proceeds totaling Rs 203.47 lakh. Rs 158.45 lakh was used to repay outstanding borrowings, while Rs 45.02 lakh was allocated for general corporate expenses, with Rs 7.38 lakh spent during the quarter. Unutilized funds of Rs 20 lakh are held in fixed deposits earning around 7.8% interest. There were no deviations or delays in fund deployment, supporting the company’s stable financial and operational position.