In accordance with Regulation 32(6) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Monitoring Agency Report for the First Quarter ended on June 30, 2025, issued by M/s. CRISIL Ratings Limited is enclosed herewith.
AETHER · price
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Aether Industries has filed the CRISIL Monitoring Agency Report on its QIP proceeds for the quarter ended June 30, 2025. The original QIP of Rs 7,500 million (net proceeds Rs 7,286.14 million) was raised in June 2023 and is being used for expanding Manufacturing Facility 3, setting up Manufacturing Facility 5, working capital, and general corporate purposes. As of June 30, 2025, Rs 6,029.84 million (about 82.8%) has been utilized, with Rs 1,256.30 million still unutilized. During the quarter, Rs 1,039.97 million was deployed, mainly toward capex at Facility 3 (Rs 421.84 million) and Facility 5 (Rs 618.14 million). Working capital and GCP portions are fully utilized. There are no deviations from the stated objects, and unutilized funds are parked in an ICICI Bank fixed deposit earning 7.5%.
This is a routine compliance filing confirming that the company is deploying its QIP funds broadly on track. For shareholders, it signals steady execution of capex plans with no misuse of funds and idle cash earning a reasonable return, but no new positive or negative catalyst for the stock.