The Company has informed the exchange about the Monitoring Agency Report for the Quarter ended December 31, 2025 as issued by Monitoring Agency.
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GHV Infra Projects has submitted the Monitoring Agency Report from Acuité Ratings & Research covering the quarter ended December 31, 2025. In August 2025, the company raised funds through a Preferential Issue of Convertible Warrants with a total proposed size of INR 154 crore, split into working capital (INR 85 cr), site infrastructure (INR 19 cr), business expansion (INR 15 cr), and general corporate purposes (INR 35 cr). However, only INR 38.50 crore was actually received as application money during the issue period, and the entire amount was used towards working capital requirements. No additional warrant subscriptions were received during Q3 FY2025-26, so no further deployment happened across the remaining objects. The Monitoring Agency confirmed no deviation from the stated objects, no change in means of finance, and no adverse events impacting the viability of the objects.
Shareholders should note that nearly 75% of the planned INR 154 crore raise (about INR 115.5 crore) is still pending and dependent on warrant holders converting their warrants, which did not happen during the December quarter. This delay in fund inflow could slow down the company's planned infrastructure and expansion activities, though so far the use of available funds has been in line with the disclosed purpose.