Please find attached report of Monitoring Agency (Acuité Ratings and Research Limited) confirming no deviation in the utilization of proceeds of funds raised by Dhani Services Limited [Merged with Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) (the Company )], through preferential issue of convertible warrants, during the quarter ended September 30, 2025.
IBULLSLTD · price
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Indiabulls Limited has submitted the quarterly Monitoring Agency report from Acuité Ratings and Research Limited. The report confirms that there was no deviation in the use of funds raised by Dhani Services Limited (which has since merged with Indiabulls Limited) through a preferential issue of convertible warrants. The review covers the quarter ended September 30, 2025. This is a routine regulatory disclosure required for companies that have raised funds through preferential allotments. The clean report indicates that the proceeds have been used in line with the stated objectives disclosed at the time of issue.
No material impact on the stock price expected. The report reinforces compliance and transparency in fund usage, which is mildly positive for investor confidence but largely procedural in nature.