Nitco Limited — Others, 14-08-2025: Monitoring Agency Report

Nitco Limited's Monitoring Agency Report for the quarter ended June 30, 2025, confirms no deviation in the utilization of its Rs. 625.21 Cr preferential issue proceeds. The company has received Rs. 463.24 Cr to date, with 75% of warrant proceeds expected within 18 months. Total utilized funds stand at Rs. 391.32 Cr, allocated for debt repayment, operational creditor dues, working capital, real estate acquisition, and general corporate purposes. The remaining Rs. 71.92 Cr is currently invested in fixed deposits. This indicates consistent progress in deploying the raised capital towards its stated business objectives.