Baazar Style Retail Limited — Others, 15-05-2025: Monitoring Agency Report

Baazar Style Retail Limited has announced a Monitoring Agency Report from CARE Ratings confirming full adherence to the utilization of Rs. 185 crore raised through its Pre-IPO and IPO. The funds were primarily used for repaying borrowings (Rs. 146 crore), general corporate purposes including repayment to a material creditor (Rs. 29 crore), and offer expenses (around Rs. 9.4 crore). A small balance of Rs. 0.62 crore remains unutilized in cash. The company has efficiently deployed the funds without any delays in its financial commitments, reflecting disciplined capital management.