Affle has released its Monitoring Agency Report for the quarter ended September 30, 2025. ICRA Limited, the monitoring agency, confirms that the utilization of funds from the preferential issue is in line with the stated objectives. The revised net proceeds monitored stand at INR 737.43 Crore as of March 31, 2025.
Proceeds Utilization Update
Affle has announced the findings of the monitoring agency, ICRA Limited, for Q2 2025. The report confirms adherence to the planned utilization of funds raised through the preferential issue. This announcement was made on November 7, 2025.
Key Highlights from the Report
The report indicates no material deviations in the use of proceeds. The utilization remains aligned with the objectives outlined during the issuance. As of March 31, 2025, the net proceeds monitored by ICRA stood at INR 737.43 Crore.
Details of Funds Allocation
Here’s a breakdown of how the funds are being allocated:
- Development and expansion of technologies: INR 37.58 Crore utilized, with INR 297.42 Crore remaining.
- Funding inorganic growth opportunities: No funds utilized, with INR 150.00 Crore remaining.
- Repayment of outstanding liabilities: Fully utilized INR 75.00 Crore.
- General Corporate Purpose: INR 125.74 Crore utilized, with INR 51.69 Crore remaining.
Deployment of Unutilized Proceeds
As of the end of Q2 2025, Affle has deployed unutilized funds in various instruments, including fixed deposits and current accounts, totaling INR 535.70 Crore. These investments have yielded earnings of INR 21.21 Crore.
Source: BSE
