Carysil Ltd: QIP Fund Utilization Report for Q1 FY27 Filed

Carysil Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by ICRA Limited. The report 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 issue, which closed on July 3, 2024, raised INR 125.00 Crore, with net proceeds of INR 121.70 Crore (revised to INR 121.65 Crore) intended for specific purposes. ICRA Limited, as the Monitoring Agency, has provided this final report as per SEBI regulations, clarifying that it does not audit the spending or guarantee outcomes.