Please find enclosed herewith Monitoring agency report for the quarter ended December 31, 2025.
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Awaiting price reaction for this filing.
Adcounty Media India has submitted the Monitoring Agency Report (by Acuité Ratings & Research) for the quarter ended December 31, 2025, covering the use of funds raised through its IPO held in June–July 2025. The IPO raised gross proceeds of INR 50.69 crore and net proceeds of INR 48.15 crore (after INR 2.53 crore in issue expenses), earmarked for Capital Expenditure (INR 14 crore), Working Capital (INR 25 crore), and Unidentified Acquisition & General Corporate Purposes (INR 9.15 crore). As of December 31, 2025, the company has utilized INR 19.89 crore in total — INR 10.44 crore on capex, INR 9.45 crore on working capital, and nothing yet on the GCP bucket. The remaining INR 28.26 crore (about 59% of net proceeds) is parked in fixed deposits with AU Small Finance Bank, IndusInd Bank, and Yes Bank, earning around 6.85–7.05% interest. The Monitoring Agency noted no deviation from the objects stated in the offer document, no delay in implementation, and no material adverse events.
A clean report with no deviations is a positive compliance signal, but investors may note that more than half of IPO funds remain unutilized and the GCP bucket (INR 9.15 crore) has not seen any deployment yet, which could limit near-term business expansion visibility.