Monitoring Agency Report for the quarter ended 31 March 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ICRA Limited has submitted the final Monitoring Agency Report for Himadri Speciality Chemical's preferential issue of warrants. The issue size is Rs. 341.82 crore (10.82 million warrants at Rs. 316 each). Of the total proceeds, Rs. 229.44 crore (67%) has been utilized so far - Rs. 146.57 crore towards capital expenditure and Rs. 82.87 crore towards working capital. Rs. 112.38 crore remains unutilized, deployed in mutual funds. ICRA confirms no deviation from the stated objects of the issue and that the project is on schedule. The warrants are fully convertible into equity shares.
Positive signal for shareholders - the monitoring agency confirms proper utilization of proceeds as disclosed, with no deviations or unfavorable events affecting the project timeline.