Afcons Infrastructure Limited — Others, 14-05-2025: Monitoring Agency Report

Afcons Infrastructure Limited has shared a Monitoring Agency Report by Crisil Ratings on its IPO proceeds utilization. Out of the Rs 121.46 crore net raised, Rs 116.30 crore has been used so far. Capital expenditure stands at Rs 28.33 crore, delayed due to pending equipment dispatch expected next quarter. Remaining funds are mostly in fixed deposits earning 7–7.4% interest. No deviations or material changes from original plans were observed, indicating disciplined fund management aligned with growth and debt reduction goals.