Please find attached the Monitoring Agency Report issued by Crisil Ratings Limited for the Quarter ended September 30, 2025.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bodhtree Consulting submitted the Monitoring Agency Report from Crisil Ratings covering utilization of its Rights Issue proceeds for Q2 FY26. The company had raised Rs 1,407.74 lakhs gross (Rs 1,337.74 lakhs net) through 46,92,456 equity shares issued at Rs 30 each between July 7–24, 2025. During the quarter, Rs 753.51 lakhs was deployed — Rs 519.80 lakhs toward long-term working capital, Rs 163.71 lakhs for general corporate purposes, and the full Rs 70 lakhs for issue expenses. The Rs 540 lakhs earmarked for product enhancement and development remained entirely untouched. Notably, Rs 446.83 lakhs was paid to a single vendor, Rzeninfo Solutions Pvt Ltd, for a digitalization project and subcontracted manpower. There was no deviation from disclosed objects.
The report confirms compliance with stated use of funds, which is neutral-to-positive for transparency. However, the zero deployment of the Rs 540 lakhs product-development allocation and the heavy concentration of utilization in a single vendor may draw investor questions about execution and counterparty risk.