Ventive Hospitality Limited — Others, 14-05-2025: Monitoring Agency Report

Ventive Hospitality Limited has announced a monitoring agency report by Crisil Ratings on IPO proceeds utilization. The company has deployed Rs 1,575.73 Cr of the Rs 1,600 Cr raised, mainly repaying borrowings (Rs 1,400 Cr) and for general corporate purposes (Rs 100.96 Cr). Rs 24.28 Cr remains unutilized in bank accounts. Utilization is mostly on track, with a minor delay in corporate spending due to pending approvals, expected to complete soon. There were no deviations or issues impacting the use of funds.