Monitoring Agency Report for the Quarter ended March 31, 2026.
Awaiting price reaction for this filing.
Capricorn Systems Global Solutions Limited submitted its Monitoring Agency Report for the Rs. 23.98 crore Rights Issue completed in February 2026. The issue comprised 2.40 crore equity shares at Rs. 10 each in a 6:1 rights ratio. Of the total proceeds, Rs. 18 crore was allocated for working capital requirements (supporting the company's new agri commodities trading business), Rs. 5.48 crore for general corporate purposes, and Rs. 50 lakh for issue expenses. As of March 31, 2026, Rs. 23.40 crore (97.6%) has been utilized with Rs. 0.58 crore remaining in a monitoring account at Axis Bank. Infomerics Valuation and Rating Limited, the appointed monitoring agency, confirmed no deviations from the disclosed objects of the issue.
The company has deployed nearly all Rights Issue proceeds as stated in the Offer Document with no material deviations, which is a positive indicator of fund management discipline. The focus on working capital for commodities trading aligns with the company's business pivot from pure software to software plus agri trading.