As per the letter attached
Awaiting price reaction for this filing.
Allcargo Gati has filed ICRA Limited's Monitoring Agency Report for the quarter ended June 30, 2025, tracking the use of Rs. 161.12 crore net proceeds raised through a Qualified Institutions Placement (QIP) in June 2024. Of this, Rs. 100.46 crore has been utilized so far, with Rs. 60.66 crore still unutilized. The full Rs. 100 crore earmarked for repaying borrowings of a material subsidiary has been deployed, while Rs. 10 crore (Operating Units), Rs. 15 crore (proprietary technology) and Rs. 12.86 crore (General Corporate Purpose) are pending and expected to be used by end of FY26. The unutilized Rs. 63.76 crore is parked in fixed deposits with IndusInd Bank earning between 3.25% and 7.35% interest. ICRA confirmed there is no deviation from the stated objects of the issue.
This is a routine compliance filing under SEBI regulations confirming QIP funds are being used as originally disclosed. The delayed deployment of roughly 38% of proceeds toward growth and technology initiatives is a minor watchpoint, but parking idle funds in fixed deposits is helping the company earn interest on the unutilized amount.