Allcargo Gati Limited — Others, 15-05-2025: Monitoring Agency Report

Allcargo Gati Limited has shared the Monitoring Agency Report by ICRA on the utilization of Rs. 169.28 Cr raised via QIP (net proceeds Rs. 161.12 Cr). The funds have been used as planned: Rs. 100 Cr to repay borrowings of its key subsidiary, Rs. 20 Cr for upgrading operating units, Rs. 27.8 Cr for proprietary technology development, and Rs. 13.32 Cr for general corporate purposes. About Rs. 60.68 Cr remains unutilized, parked in fixed deposits with low returns, with no delays or deviations reported in fund usage.