Nisus Finance Services Co Ltd — Updates, 15-05-2025: Company Update

Nisus Finance Services Co Limited has announced a monitoring agency report on the utilization of Rs. 101.62 crore IPO fresh issue proceeds. The report highlights a minor overutilization of ₹0.51 crore in issue expenses and a payment of ₹0.015 crore unrelated to issue objects from the monitoring account. Tax expenses of ₹0.39 crore were paid from own sources to compensate for shortfalls. The overutilization is within the permitted 10% deviation and adjusted against the General Corporate Purpose allocation. Investments include ₹25 crore in compulsory convertible preference shares of its subsidiary, Nisus Fincorp Private Limited. Some project expenditures are ongoing, with unutilized funds held in fixed deposits and current accounts.