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Updater Services Limited's Monitoring Agency Report for the quarter ended June 30, 2025, confirms that the utilization of its Initial Public Offer (IPO) proceeds is fully in line with the stated objectives. The report, prepared by ICRA Limited, indicates no deviation from the disclosed plans. Of the net proceeds of INR 377.87 Crore, INR 377.76 Crore has been utilized towards debt repayment, working capital, inorganic growth initiatives, and general corporate purposes. All planned activities were completed on schedule. This update provides shareholders with assurance regarding the transparent and effective deployment of IPO funds.