Affle has released its Monitoring Agency Report for the quarter ended December 31, 2025. ICRA Limited, the monitoring agency, confirms that the utilization of issuance proceeds is in line with the objects of the issue. There were no material deviations noted. The company’s website will host this disclosure. The revised net proceeds as of March 31, 2025, stood at INR 737.43 Crore.
Issue Proceeds Utilization
The Monitoring Agency Report confirms that the utilization of issue proceeds remains aligned with the company’s stated objectives. ICRA Limited states that there are no material deviations regarding the use of proceeds, as of the quarter ending December 31, 2025.
Revised Net Proceeds
Due to higher than anticipated issue-related expenses, the revised net proceeds available stood at INR 737.43 Crore as of March 31, 2025. ICRA will monitor the revised amount.
Details of Object Monitoring
All fund utilization is reported to be in accordance with the offer document. No material deviations were observed over earlier monitoring reports. All required statutory approvals have been obtained.
Deployment of Unutilized Proceeds
As of the end of the quarter, the market value of deployed unutilized funds totaled INR 567.83 Crore with earnings of INR 29.21 Crore. This total includes fixed deposits in Axis Bank Singapore, HDFC Bank, and Kotak Mahindra Bank, as well as investments in mutual funds.
General Corporate Purpose Details
A total of INR 125.74 Crore was utilized from proceeds allocated to General Corporate Purpose, with INR 99.76 Crore used to meet the working capital requirements of foreign subsidiaries and INR 25.98 Crore going towards loan repayment.
Source: BSE
