Mrs. Bectors Food Specialities Limited — Others, 12-08-2025: Monitoring Agency Report

Mrs. Bectors Food Specialities Limited has received its QIP utilization monitoring report from ICRA Limited for the quarter ended June 30, 2025. The report confirms that the utilization of the INR 400 Cr Qualified Institutional Placement proceeds is fully aligned with the stated objectives. Funds were used for repaying INR 155 Cr in borrowings and financing the Madhya Pradesh Project with INR 20 Cr, both completed. Additionally, INR 70.09 Cr was invested in the Bakebest Foods Khopoli Expansion and INR 81.01 Cr for general corporate purposes, both on schedule. No deviations or delays were reported, indicating efficient deployment of the raised capital.