Candour Techtex has received a monitoring agency report confirming the utilization of funds from its preferential issue.

The company had an issue size of 165.34 Crore and received 94.42 Crore from the issue of equity shares and convertible warrants.

The report states no deviation from the stated objects for which the funds were raised, assuring investors of proper utilization.

Funds have been deployed towards capital expenditure, land acquisition, working capital, and general corporate purposes.

The unutilized balance remains invested in term deposits, confirming adherence to the funding plan.