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

Poly Medicure has reported on the utilization of funds from its Qualified Institutional Placement (QIP). Out of the net proceeds of approximately Rs 985.34 Cr, about Rs 20.32 Cr was deployed this quarter for new manufacturing facilities. No funds were used for inorganic growth initiatives during this period. Overall, Rs 127.72 Cr of the QIP funds have been utilized to date. The remaining Rs 857.62 Cr of unutilized proceeds are primarily invested in mutual funds and fixed deposits, ensuring productive use while awaiting strategic deployment. The company confirms no deviations from its original QIP objectives.