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EMA Partners India Limited has announced a statement on the utilization of its IPO proceeds of INR 59.47 Cr. The company has fully utilized INR 5.43 Cr for repayment of borrowing related to office premises, with smaller amounts spent on general corporate purposes. Significant funds earmarked for expanding the leadership team and upgrading IT infrastructure remain unutilized, with INR 54.01 Cr held in fixed deposits earning moderate returns. The monitoring agency has confirmed the company’s adherence to the stated use of funds, indicating sound financial discipline and transparency for shareholders.