Please find attached the Monitoring Agency Report issued by Crisil Ratings Limited for the quarter ended March 31 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bodhtree Consulting Ltd has filed its final Monitoring Agency Report for the quarter ended March 31, 2026, as required under SEBI regulations. Crisil Ratings Limited, the appointed monitoring agency, confirms that the full Rs 1407.74 lakhs raised through a Rights Issue (July 2025) has been fully utilized with no deviations from the stated objects. The funds were deployed across three objectives: Capital Expenditure for product development (Rs 540 lakhs), working capital (Rs 530 lakhs), and General Corporate Purpose (Rs 267.74 lakhs), plus Rs 70 lakhs for issue expenses. Key operational notes include a vendor change for the product development project from Technify Solutions to Panth Infinity Limited due to delivery issues and a 30% cost advantage, followed by subcontracting to Semayra Web Services Pvt. Ltd.
The report shows full and compliant deployment of rights issue proceeds with no material deviations. However, the ~90% vendor concentration to a single subcontracted vendor in Q4 represents a concentration risk that investors should monitor, particularly given the AI platform development being funded.