CARYSIL LIMITED — Others, 12-08-2025: Monitoring Agency Report

Carysil Limited has received the Monitoring Agency Report from ICRA Limited for Q1 FY2026 regarding the use of its Qualified Institutions Placement (QIP) funds. The report confirms funds are being used as intended, with no material deviation from the stated objectives. Of the 121.65 Cr net proceeds, 31.25 Cr for working capital and 27.90 Cr for general corporate purposes are fully used. 14.52 Cr has been spent on capital expenditure, with 47.98 Cr of unutilized funds held in fixed deposits. This update provides clarity on how QIP funds are being deployed, vital for shareholder confidence.