The Company has informed the exchange about the Monitoring Agency Report for the Quarter ended March 31, 2026 as issued by Monitoring Agency, Acuite Ratings and Research Limited.
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GHV Infra Projects Limited submitted its Q4 FY2025-26 monitoring agency report filed by Acuite Ratings and Research Limited for the INR 154 crore preferential issue of convertible warrants (August 2025). The report confirms no deviation from stated objects of the issue. Only INR 38.50 crore has been utilized so far towards working capital requirements, deployed during Q2 FY2025-26. The remaining INR 115.50 crore remains unutilized as no new warrant subscriptions were received during Q4. The four stated objectives remain unchanged: working capital (INR 85 crore), site infrastructure and equipment (INR 19 crore), business expansion (INR 15 crore), and general corporate purposes (INR 35 crore).
The filing indicates slow capital deployment with three-quarters of issue proceeds still unutilized. This is typical for infrastructure companies where capital deployment depends on project execution timelines. No red flags for shareholders as Acuite confirms all utilization is as per disclosures and no material deviations are observed.