Monitoring Agency Report for quarter ended on 31st March 2025.
CNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Crisil Ratings, the Monitoring Agency, has confirmed that Creative Newtech Limited has fully utilized the Rs 1,061.71 million raised through its August 2023 Preferential Issue. The proceeds were deployed across three stated objects: Rs 261 million towards a share swap for acquiring SCL shares, Rs 601 million for working capital requirements, and Rs 199.71 million for general corporate purposes (slightly reduced from Rs 200 million due to unsubscribed shares). During Q4 FY25 alone, the company utilized Rs 261.57 million, primarily toward working capital and vendor payments, completing the full deployment of issue proceeds. There are no deviations from the disclosed objects, no major deviations from earlier reports, and no delay in implementation. The unutilized amount stands at nil.
This is a routine compliance filing confirming the company has used the preferential issue funds exactly as promised to shareholders. No negative signals for investors — the full deployment of working capital and GCP funds suggests the company has put the capital to active use, but no new information likely to move the stock price.