Monitoring Agency Report for the Quarter ended June 30, 2025
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Motisons Jewellers Limited has submitted the Monitoring Agency Report from CRISIL Ratings for the quarter ended June 30, 2025, tracking the use of proceeds from its Rs 170 crore Preferential Issue of Fully Convertible Warrants (allotted on October 5, 2024). So far, Rs 42.50 crore has been utilized — Rs 29.39 crore for working capital, Rs 13 crore for repayment of unsecured loans, and Rs 0.11 crore for issue-related expenses — with no expenditure made during this quarter. The remaining Rs 127.50 crore is yet to be received and will come in within 18 months of warrant allotment (by April 4, 2026). CRISIL has reported no deviation from the stated objects of the issue.
No fresh deployment of funds this quarter signals a slow pace of capital utilization, though the company has over two years to draw the remaining amount. Shareholders should watch for warrant conversion triggers and any future updates on how the remaining Rs 127.5 crore gets deployed into working capital, debt repayment, and general corporate purposes.