Creative Newtech Limited — Others, 15-05-2025: Monitoring Agency Report

Creative Newtech Limited has announced a board meeting on the financial results for the quarter and half-year. Crisil Ratings Limited, as the monitoring agency, confirmed that Rs 106.17 Cr raised through a preferential issue (including share swap, equity shares, and convertible warrants) was properly utilized. Rs 80.01 Cr was mainly spent on share swaps and working capital, with the remaining funds unutilized and no delays reported. The portion allocated for general corporate purposes was used for vendor payments. No material concerns or adverse developments were identified.