Monitoring Agency Report for the quarter ended 30th June, 2025.
ASIANENE · price
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Asian Energy Services Limited has submitted the quarterly Monitoring Agency Report prepared by India Ratings & Research for its preferential issue of convertible equity warrants. The original issue size was Rs 160.80 crore, but 1 lakh warrants out of 48 lakh were not subscribed, bringing the actual size to Rs 157.45 crore. The company has received Rs 39.36 crore so far, which is the 25% upfront amount; the balance 75% will come when warrants are converted into equity shares. During the quarter, Rs 6.28 crore was used across objects, with Rs 28.13 crore still unutilized and parked in fixed deposits with Kotak Bank. Fund allocation was revised between objects due to the lower subscription, but no deviation from stated objects was observed.
This is a routine compliance filing confirming that the money raised from the warrant issue is being used for the originally stated purposes (equipment purchase, working capital, strategic investments, and general corporate needs). Minimal direct impact on shareholders, though the small undersubscription and slow deployment of funds may be noted by investors tracking the company's expansion plans.