GANECOS · price
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Awaiting price reaction for this filing.
Ganesha Ecosphere has submitted the ICRA Monitoring Agency Report for the quarter ended December 31, 2025, covering use of proceeds from its January 2024 preferential issue of convertible equity warrants worth Rs. 149.97 crore. The report confirms no deviation from stated objects and no major issues. Out of the total Rs. 149.97 crore, Rs. 121.66 crore (~81%) has been utilized: Rs. 66.99 crore for plant and machinery, Rs. 37.50 crore fully used for debt repayment, and Rs. 17.17 crore for general corporate purposes (working capital). The remaining Rs. 28.31 crore is parked in a Yes Bank fixed deposit (Rs. 25.15 crore), Axis Liquid Fund (Rs. 3.00 crore), and the monitoring account (Rs. 0.18 crore). Both the plant & machinery and GCP objects remain on schedule for completion by March 31, 2026, while the debt repayment object is already completed.
This is a routine compliance filing with no negative findings — the company is using raised funds as planned and on track. Shareholders can take comfort that ~81% of warrant proceeds are already deployed as intended, with idle funds earning returns. Minimal stock price impact expected.