MANAKCOAT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Manaksia Coated Metals filed its quarterly monitoring agency report for the Rs. 134.55 crore preferential issue of convertible warrants issued on January 30, 2025. CARE Ratings Limited, as the monitoring agency, confirmed that the company has received Rs. 120.90 crore so far (Rs. 13.65 crore pending from warrants) and has fully utilized all received funds. The proceeds were allocated across four purposes: Rs. 0.25 crore for issue expenses (completed), Rs. 35 crore for repayment of unsecured loans (Rs. 34.08 crore utilized), Rs. 95 crore for working capital (Rs. 82.27 crore utilized), and Rs. 4.30 crore for general corporate purposes (fully utilized). No deviations from the stated objects were reported, and no delays were noted in implementation.
This is a routine compliance filing showing that fund utilization is on track with no material deviations. The pending Rs. 13.65 crore from warrant holders is expected, but the company has deployed all received capital as disclosed. Shareholders can note that the working capital deployment is ongoing as expected.