Brigade Enterprises Limited — Others, 14-05-2025: Monitoring Agency Report

Brigade Enterprises Limited has announced a monitoring agency report on the utilization of Rs. 1500 Cr raised through QIP. As of the quarter ended March 31, 2025, Rs. 1068.72 Cr has been used for repayment of borrowings, land acquisition, joint development costs, general corporate purposes, and issue expenses. The remaining Rs. 431.28 Cr is unutilized and invested in fixed deposits yielding 2.96% to 7.5%. There were no deviations from the intended use of funds, and all necessary approvals have been secured. This reassures shareholders about disciplined fund management and transparency.