Please Find the Attached Monitoring Agency Report for the Quarter ended on March 31, 2026
KINGFA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CARE Ratings Limited, as the Monitoring Agency, submitted its quarterly report on the Rs.500 crore preferential issue proceeds utilization for Kingfa Science & Technology India Limited. As of March 31, 2026, the company has utilized Rs.155.78 crore (31.2% of total proceeds), with Rs.344.22 crore remaining unutilized. During Q4FY26, Rs.40.63 crore was deployed towards General Corporate Purpose (vendor payments and bank charges), and Rs.60.29 crore was deployed towards Plant and Machinery (out of Rs.102 crore allocated). The unutilized funds are parked in Fixed Deposits with ICBC Bank (Rs.285 crore across different maturities) and savings accounts (Rs.62.12 crore), earning approximately Rs.8.55 crore in accrued interest. No deviations from the objects of the issue were observed. All projects have a target completion date of June 2027.
For shareholders, this filing confirms that the company is utilizing preferential issue proceeds as disclosed, with no material deviations. The significant unutilized balance (68.8%) parked in FDs suggests a phased capital deployment approach, which is typical for infrastructure and expansion projects. The GCP utilization indicates normal business operations continue.