Announced Wed, 28 Oct, 2026 · 18:24 IST
CARE reports full use of proceeds after Rs 9.75 crore warrant forfeiture
MANAKCOAT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
CARE Ratings said Rs 124.80 crore received under the preferential issue was fully deployed by September 30, 2026. The company forfeited 2 million warrants worth Rs 9.75 crore after the remaining 75 percent was not paid by July 31. CARE noted a major change versus its prior report: the issue shrank from Rs 134.55 crore, leaving Rs 0.92 crore of loan repayment and Rs 8.83 crore of working capital needs unfunded.
Likely market impact
The Rs 9.75 crore funding gap may limit debt repayment and working capital support, raising liquidity risk despite full use of received funds.