Please find enclosed herewith Monitoring Agency Report for the quarter ended 31st March, 2025 in compliance with Regulation 32(6) of SEBI(LODR) Regulations, 2015 & 162A of SEBI (ICDR) Regulations, ....
KLBRENG-B · price
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Kilburn Engineering has filed the Monitoring Agency Report for the quarter ended March 31, 2025, prepared by CARE Ratings Limited, covering utilization of proceeds from its Rs. 299.63 crore preferential issue done in November 2024. No deviation from the stated objects was reported. Of the planned uses, the Monga Acquisition of Rs. 123 crore has been fully completed (Rs. 103.03 crore in cash plus Rs. 19.97 crore via non-cash share issuance), while Rs. 21.80 crore out of the Rs. 39.63 crore earmarked for long-term working capital has been deployed. The remaining buckets — debt repayment (Rs. 25 crore), capex (Rs. 13 crore), investment in subsidiaries (Rs. 25 crore) and general corporate purpose (Rs. 74 crore) — have not yet been utilized. Total utilization in Q4FY25 was Rs. 20.95 crore, and Rs. 154.83 crore remains unutilized as it is pending receipt from the conversion of warrants.
Investors get a clean bill of health on fund usage with no deviations, but a large portion of the capital (about 52%) is still tied up awaiting warrant conversion. Short-term stock impact is likely neutral, though timely conversion and deployment of the remaining funds toward stated purposes will be key things to watch.