Arkade Developers Limited — Others, 28-07-2025: Monitoring Agency Report

Arkade Developers received a Monitoring Agency Report from CRISIL Ratings for Q1 FY26, confirming the utilization of its IPO proceeds. The report indicates no deviation from the stated IPO objectives, which is a key positive for investor confidence. Of the net proceeds of Rs 381.07 Cr, the company has utilized Rs 303.95 Cr (nearly 80%) towards its specified projects, including ongoing development and land acquisition. The remaining unutilized amount of Rs 77.12 Cr is securely placed, primarily in fixed deposits. This update assures investors that funds are being deployed as committed, supporting business operations.