Aether Industries Limited — Others, 25-07-2025: Monitoring Agency Report

Aether Industries has released its Monitoring Agency Report by CRISIL Ratings for the quarter ended June 30, 2025, on the utilization of its Qualified Institutional Placement (QIP) proceeds. The report confirms there is no deviation from the stated objects of the QIP. Out of the net proceeds of Rs 728.61 Cr, the company has utilized Rs 602.98 Cr as of quarter-end. This includes Rs 104.00 Cr utilized during this quarter. The unutilized balance of Rs 125.63 Cr is held in a fixed deposit and monitoring account. This update provides transparency on the use of funds for ongoing capital expenditure for Manufacturing Facilities 3 and 5.