Monitoring Agency Report on the utilization of proceeds raised through issuance of Share Warrants on preferential basis for the quarter ended March 31, 2026
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Minda Corporation has filed its Q4 FY2025-26 monitoring report with Acuité Ratings and Research Limited confirming proper utilization of proceeds from its INR 420.75 crore preferential share warrants issue. Of the total issue size, INR 105.19 crore (25% of the INR 550 warrant price) was received up to June 2025 and has been fully utilized for debt repayment as stated in the offer document. No additional warrant subscriptions were received during the quarter. The monitoring agency found no deviation from the disclosed objects, no change in means of finance, and no unfavorable events affecting the viability of the object. No material information that would affect investor decisions was identified.
This is a routine compliance filing providing independent assurance that warrant proceeds are being used as intended. The report shows clean utilization with no deviations, which is positive for shareholders seeking transparency in how preferential issue funds are deployed.