First Monitoring Agency Report for the quarter ended March 31, 2026
KRISHIVAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Krishival Foods Ltd has submitted its first monitoring agency report for the Rights Issue of Equity Shares conducted in December 2025-January 2026. The company raised Rs.99.99 crore through this rights issue, but only received Rs.34.99 crore (35%) as of March 31, 2026. The funds are being deployed towards three main objectives: Rs.5.80 crore for part-funding capital expenditure to set up a cashew processing unit in Kolhapur, Rs.9.92 crore for working capital requirements, while Rs.21.26 crore for general corporate purposes remains unused. No deviations from the stated objects of the issue were reported. The unutilized Rs.19.30 crore is held in an ICICI Bank monitoring account. Brickwork Ratings India Private Limited served as the monitoring agency.
The slow collection of rights issue proceeds (only 35% received) indicates partial subscription, which may delay the company's expansion plans. However, the monitoring report confirms proper fund utilization with no deviations from disclosed objects, providing some comfort to investors.