Kiri Industries Limited — Others, 11-08-2025: Monitoring Agency Report

Kiri Industries' monitoring report by CRISIL confirms the use of proceeds from its 492.02 Cr preferential issue. Of this, 319.28 Cr has been utilized towards debt repayment, working capital, legal fees, and general corporate purposes. Notably, no new proceeds were received, nor were any funds utilized during the last quarter. The remaining 172.74 Cr is expected upon future warrant conversions. The report indicates no deviations from stated objectives or delays in the utilization of funds, assuring investors that capital is deployed as intended for the company's operations.