Monitoring Agency Report for the quarter ended December 31, 2025 for the preferential issuance.
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Awaiting price reaction for this filing.
KS Smart Technologies has filed its Monitoring Agency Report for the quarter ended December 31, 2025, confirming there is no deviation or variation in the use of funds raised through its preferential issue. The company raised Rs. 129.65 crore (net of issue expenses) on October 6, 2025, against gross issue size of Rs. 176.60 crore comprising equity shares and convertible warrants. Of the net proceeds, Rs. 72.71 crore was deployed for working capital needs of wholly owned subsidiaries (100% utilized), Rs. 31.77 crore for repayment of existing subsidiary debt (out of Rs. 75 crore planned), Rs. 18.80 crore for general corporate purposes, Rs. 4.50 crore for capital expenditure, and Rs. 1.87 crore for issue expenses. The Monitoring Agency, Infomerics Valuation and Rating, confirmed 100% of the actually received funds (Rs. 129.65 crore) have been utilized as of December 31, 2025, with no delays in implementation and no adverse comments from auditors or audit committee.
Routine positive compliance filing — no misuse or diversion of raised funds, and 100% of available proceeds have been put to use as planned. This signals governance discipline but is unlikely to move the stock price on its own.