Jyoti Structures Limited — Others, 15-05-2025: Monitoring Agency Report

Jyoti Structures Limited has announced a monitoring agency report on the utilization of proceeds from its Rs. 499.09 crore Rights Issue, which raised Rs. 459.59 crore at 92.11% subscription. Funds were allocated mainly toward resolution plan dues, corporate expenses, and financing costs, with Rs. 27.15 crore spent this quarter on employee, creditor, and vendor payments. About Rs. 432.54 crore remains unutilized, held largely in fixed deposits. Despite no project delays, the lower subscription and a 50% share price decline over the past year could affect the company’s resolution plan execution.