Nova Agritech Limited — Others, 11-08-2025: Monitoring Agency Report

Nova Agritech Limited has released its Monitoring Agency Report for the quarter ending June 30, 2025. The report confirms that out of the Rs. 100.95 crore net proceeds from the Initial Public Offering, Rs. 100.51 crore has been utilized as planned, with no deviation from stated objectives. A minor unspent balance of Rs. 0.44 crore for the new formulation plant is held in a Fixed Deposit. Notably, commercial operations at the expanded facilities, funded by these IPO proceeds, began on July 7, 2025. The report also clarifies a corrected General Corporate Purpose amount via a previous corrigendum. This update signals strong execution of IPO objectives.