Arkade Developers Limited — Others, 15-05-2025: Monitoring Agency Report

Arkade Developers Limited received a CRISIL Monitoring Agency Report on the use of its IPO funds of Rs 410 Cr (net Rs 381 Cr). By the quarter end, Rs 273.10 Cr was used for project development and land acquisition, with Rs 108 Cr in fixed deposits. Deployment delays arose from late imported materials and logistics but haven’t affected the funding strategy. No issues impacting project viability were noted, indicating steady progress on the company’s key initiatives.