Shriram Asset Management Company's Monitoring Agency Report, prepared by ICRA Limited, confirms that the utilization of proceeds from its INR 105.00 Crore preferential issue is fully aligned with the stated objectives.

The company has utilized INR 40.95 Crore of the issue proceeds, with INR 64.05 Crore remaining unutilized.

These unutilized funds are currently deployed across various instruments, including Shriram Liquid Fund, Shriram Money Market Fund, a Fixed Deposit with Shriram Finance, and a current account.

This report provides transparency on the company's fund management from its recent capital raise.