Carysil Ltd: Monitoring Agency Report for Q2 FY27 QIP

Carysil Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as required by SEBI regulations. The report, issued by ICRA Limited, confirms that the utilization of funds raised through the Qualified Institutions Placement (QIP) is in line with the objects of the issue, with no material deviation observed. The QIP, which closed on July 3, 2024, raised ₹125.00 Crore, with net proceeds of INR 121.65 Crore after issue-related expenses. ICRA Limited, acting as the Monitoring Agency, has prepared this final report based on information provided by Carysil Limited and other reliable sources, clarifying that it does not constitute an audit or an assurance on the outcome of the spending.