Innovassynth Technologies: Rights Issue Proceeds Utilized as Planned

Innovassynth Technologies (India) Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by ACER Credit Rating Private Limited, confirms that the proceeds from the company's Rights Issue have been utilized in accordance with the objects stated in the Letter of Offer. There were no deviations from the stated objects. The total Net Issue Proceeds amounted to ₹68.82 crores, which were allocated to pre-payment of a Rupee Term Loan (₹44.00 crores), augmenting working capital (NA), and general corporate purposes (₹16.32 crores). The report has been reviewed by the company's Audit Committee and is available on the company's website.