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 Limited has filed its first monitoring agency report for Q4 FY26, covering the utilisation of rights issue proceeds. The company raised Rs. 99.99 crore through a rights issue of 33,33,160 equity shares at Rs. 300 per share during December 2025–January 2026. As of March 31, 2026, Rs. 34.99 crore (35%) has been received. Of the funds received, Rs. 15.72 crore has been deployed — Rs. 5.80 crore towards capital expenditure for a cashew and nuts processing unit in Kolhapur, and Rs. 9.92 crore towards working capital requirements. Rs. 19.30 crore remains parked in an ICICI Bank monitoring account. The monitoring agency, Brickwork Ratings, confirms no deviations from the disclosed objects of the issue, no change in means of finance, and all statutory approvals have been obtained.
The rights issue is still partially subscribed at 35%, meaning Rs. 64.99 crore is yet to be received from shareholders. No material deviations were reported in fund utilisation, which is a positive sign. However, the low deployment rate (45% of received funds) indicates the company is in early deployment phase — investors should monitor quarterly progress.