Submission of Monitoring Agency Report for the quarter ended March 31, 2025, issued by CRISIL Ratings Limited, to monitor the utilization of proceeds of Preferential Issue.
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Anupam Rasayan India has submitted the Monitoring Agency Report from CRISIL Ratings for the quarter ended March 31, 2025, tracking the use of funds from its December 2023 preferential issue of Rs 5,500 million (Rs 1,800 million in equity shares and Rs 3,700 million in convertible warrants). Of this, Rs 2,725 million has been received so far, with the remaining Rs 2,775 million pending from warrant holders upon conversion within 18 months of allotment. As of March 31, 2025, Rs 2,546.88 million has been used for loan repayment and Rs 178.12 million for general corporate purposes, with no fresh utilization during the January–March 2025 quarter. CRISIL noted no deviation from objects, no delay in implementation, and no change in the means of finance.
This is a routine compliance filing and contains no new business update. Investors should note that preferential warrants worth Rs 2,775 million are still pending conversion, which could dilute shareholding in the future. The full deployment of received proceeds (Rs 2,725 million) is already complete, leaving no idle funds as of quarter-end.