Monitoring Agency Report for the quarter ended on June 30th, 2025
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Bondada Engineering Limited has submitted the final Monitoring Agency Report from CRISIL Ratings on the use of funds raised through its Preferential Issue in January 2025. The issue size was revised downward from Rs 185 crore to Rs 107.50 crore due to undersubscription of equity shares. The entire Rs 107.50 crore has been fully utilized towards Working Capital Requirements, with the General Corporate Purposes portion reduced to Nil. As of June 30, 2025, both the share subscription account and monitoring account balances stand at Nil, making this the final monitoring report. There are no deviations from the stated objects, no material changes in financing means, and no unfavorable events affecting the viability of the objects.
This is a routine regulatory filing confirming that the company used the money it raised as intended, with no misuse or deviation. For shareholders, it signals transparency and closure of the monitoring cycle on the preferential issue, though the reduced issue size (from Rs 185 crore to Rs 107.50 crore) reflects weaker-than-expected investor demand.