Allcargo Logistics Limited has submitted its Monitoring Agency Report for the quarter ended December 31, 2025, as required by SEBI Listing Regulations. The report, issued by ICRA Limited, confirms that the utilization of proceeds raised through the Qualified Institutions Placement (QIP) is in line with the stated objects of the issue, with no deviation observed. The QIP, which opened on June 24, 2024, and closed on June 27, 2024, raised ₹169.28 Crore in size, with net proceeds amounting to ₹161.12 Crore. The funds were earmarked for several key purposes: ₹100.00 Crore for investment in a Material Subsidiary for repayment/pre-payment of borrowings, ₹20.00 Crore for building/upgradation of Operating Units, ₹27.80 Crore for funding the development of proprietary technology, and ₹13.32 Crore for General Corporate Purposes. As of December 31, 2025, a total of ₹100.50 Crore had been utilized. Specifically, the entire ₹100.00 Crore allocated for subsidiary borrowings has been used. For building operating units, ₹20.00 Crore was proposed, with the full amount still unutilized. Similarly, ₹27.80 Crore for technology development remains unutilized. Of the ₹13.32 Crore allocated for general corporate purposes, ₹0.50 Crore was utilized during the quarter, leaving ₹12.82 Crore unutilized. The unutilized proceeds, totaling ₹60.62 Crore at the end of the quarter, have been deployed in fixed deposits with ICICI Bank and balances in QIP Monitoring Accounts with IndusInd Bank and ICICI Bank, earning interest at various rates. The report also indicates that the investment in the Material Subsidiary for subsidiary borrowings is on schedule. For the other objectives, the utilization is expected to be completed by the end of Fiscal 2026, with no significant delays anticipated beyond the initially planned timelines.