Monitoring Agency Report for the quarter ended 31.03.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kalind Ltd has submitted its Q4 FY26 monitoring agency report for a Rights Issue that raised Rs. 120.51 crore through 70.89 crore equity shares at Rs. 17 per share (issued February 9-16, 2026). The independent monitor Infomerics Valuation found that Rs. 114.35 crore (95%) was utilized by end of FY26, leaving Rs. 6.16 crore unutilized. The company had projected full utilization by FY26 end but failed to achieve this. Most of the funds (Rs. 80.54 crore) went as advance payments for 110 Dozer machines from two vendors, with delivery expected within 6 months. The monitor flagged that equipment condition (new or second-hand) cannot be determined from agreements. No approvals were obtained for the delay in fund utilization, raising compliance concerns.
The unutilized Rs. 6.16 crore and lack of regulatory approval for the delay represent a compliance red flag. Shareholders should monitor whether the company deploys remaining funds within the allowed 12-month window and clarify equipment quality before delivery.