Please find enclosed Monitoring Agency Report of the company issued by ICRA for quarter ended 31.03.2026
GRAVITA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ICRA Limited, the appointed Monitoring Agency, has submitted its final Q4 FY2026 monitoring report for Gravita India Limited's Qualified Institutional Placement (QIP). The QIP, completed in December 2024, raised Rs. 1,000 crore (net proceeds of Rs. 981.42 crore) through issuance of 47,70,537 equity shares at Rs. 2,096.20 per share. All three stated objectives have been fully completed: repayment of borrowings (Rs. 530 crore), funding working capital (Rs. 250 crore), and general corporate purposes (Rs. 201.42 crore). Issue-related expenses of Rs. 18.58 crore were also fully utilized. The monitoring agency confirmed no deviation from the objects of the issue, no material changes to means of finance, and no unfavorable events affecting viability of the objects.
This is a positive confirmation filing showing proper deployment of QIP proceeds as disclosed. All funds have been utilized with no deviations, indicating the company has met its stated objectives from the December 2024 capital raise. No direct impact on stock price expected from this routine compliance disclosure.