Final Monitoring Agency Report on Rights Issue proceeds for Q1 FY27
BHANDARI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bhandari Hosiery Exports filed the final Monitoring Agency Report by Crisil Ratings for Rights Issue proceeds for Q1 FY27. The March 2026 Rights Issue was undersubscribed, raising only Rs 2,378.41 lakh gross against the planned Rs 4,930 lakh. Due to undersubscription, two objects - loan reduction (Rs 687 lakh) and General Corporate Purpose (Rs 743 lakh) - were deferred. Net proceeds of Rs 2,298.25 lakh were fully utilized for long-term working capital, paid to suppliers of raw material, dyes, chemicals and job work. No deviation from the stated object.
Undersubscribed Rights Issue (Rs 2,378L raised vs Rs 4,930L planned) and deferral of two objects may concern shareholders. All proceeds now used.