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Genesys International Corporation LimitedOthers, 13-08-2025: Monitoring Agency Report

13-08-2025 | 06:59 pm

Genesys International has received its Monitoring Agency Report for the quarter ended June 30, 2025, regarding its Qualified Institutional Placement (QIP). The report confirms no deviation from the QIP's stated objectives for the ₹110 Cr raised. During the quarter, ₹6.46 Cr was utilized, primarily for developing its tech platform (₹1.42 Cr) and covering issue expenses (₹5.04 Cr). The remaining ₹103.54 Cr is held in escrow, monitoring accounts, and largely invested in fixed deposits. This update provides clarity on fund deployment, assuring investors that the QIP proceeds are being managed as planned for the company's strategic growth initiatives.

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