AXISCADES Technologies Limited — Others, 12-08-2025: Monitoring Agency Report

AXISCADES Technologies has fully utilized the net proceeds from its Qualified Institutional Placement (QIP) of Rs 203.47 Cr. The funds were used primarily for repaying outstanding borrowings, accounting for Rs 158.45 Cr. The remaining Rs 45.02 Cr was allocated to general corporate purposes, including meeting ongoing operational expenses such as employee salaries, with Rs 20.00 Cr deployed during the last quarter. The monitoring agency, CRISIL Ratings, confirmed there were no deviations from the stated objectives of the QIP. With the complete utilization, AXISCADES will no longer be required to submit further utilization reports to the exchanges.