\\10.1.30.12\secretarial\CS\CS_DATA\NEW COMPANY LAW FOLDER\1-DILIP BUILDCON LIMITED\SEBI\Board meeting\2025-26\29.07.2025
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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.
CRISIL Ratings has submitted the final Monitoring Agency Report for Dilip Buildcon's Preferential Issue of Convertible Warrants, originally placed in December 2023 at Rs 532.95 crore, later revised to Rs 532.42 crore due to minor undersubscription. During Q1 FY26 (quarter ended June 30, 2025), the company received the remaining 75% of issue proceeds (Rs 399.31 crore) on conversion of warrants into equity shares. The entire Rs 532.42 crore has now been fully deployed — Rs 400 crore toward repayment of working capital loans and Rs 132.42 crore for general corporate purposes, with Rs 132 crore of the latter used during the quarter. Notably, Rs 69 crore was repaid to SBI in place of facilities originally from J&K Bank and Karnataka Bank, which SBI took over. No deviations from the stated objects were observed.
This is the closing report for the 2023 preferential warrant issue, with full and orderly utilization of proceeds confirmed. The conversion of warrants into equity shares means fresh equity has been issued, which may cause minor share count expansion. The clean closure removes an overhang on the stock and signals disciplined use of capital for debt reduction and corporate purposes.