Outcome of Board Meeting alongwith Revised First Monitoring Agency Report for the quarter ended March 31, 2026
KRISHIVAL · price
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Krishival Foods Limited has submitted a Revised First Monitoring Agency Report for Q4 FY2025-26 (quarter ended March 31, 2026) to stock exchanges. The revision corrects a typographical error where Rs. 5.76 crores was wrongly mentioned as Rs. 5.80 crores in the capital expenditure utilization. The report covers the utilization of proceeds from a Rights Issue that raised Rs. 99.99 crore (issue period: December 26, 2025 to January 7, 2026). As of March 31, 2026, the company has received Rs. 34.99 crore (35% of total issue size). Of this, Rs. 5.76 crore has been utilized for capital expenditure on a cashew processing unit in Kolhapur, Rs. 9.92 crore for working capital, while Rs. 19.30 crore remains in an ICICI Bank monitoring account. No deviations from the stated objects of the issue were observed.
The filing indicates proper utilization of rights issue funds with no material deviations, which is a positive signal for shareholders. The minor typographical correction in the report suggests diligence in reporting. The fact that only 35% of issue proceeds have been received means capital deployment may continue as future tranches arrive.