Please refer attached Report furnished by CRISIL for the quarter ended December 31, 2025
BALAJITELE · price
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Balaji Telefilms has filed CRISIL's quarterly Monitoring Agency Report for the Rs 130.68 crore Preferential Issue of equity shares made to the promoter group (Kapoor family) in January–February 2025. During the October–December 2025 quarter, the company utilized only Rs 17.30 crore of the proceeds — Rs 14.66 crore for movie production, Rs 0.72 crore for music rights/distribution/digital content, and Rs 1.92 crore for general corporate purposes. The remaining Rs 113.38 crore (about 87% of the issue size) is still unutilized and parked across nine debt and liquid mutual fund schemes, earning returns between 5.47% and 6.52%, with a combined market value of Rs 120.44 crore. CRISIL confirmed there is no deviation from the stated objects, no delay in implementation, and no change in the means of finance.
The very slow pace of fund deployment (only ~13% utilized in nearly a year) may be a mild concern for shareholders expecting faster execution of the company's content and distribution plans. However, promoter confidence is reinforced by the preferential infusion, idle funds are safely parked in liquid/debt MFs and have actually appreciated in value, and CRISIL has flagged no red flags on usage or governance.