NACL Industries Limited has informed the Exchanges about Monitoring Agency Report for the period ended March 31, 2026
NACLIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NACL Industries Limited has submitted its quarterly monitoring report for the Rs 249.29 crore Rights Issue completed on December 31, 2025. The monitoring agency CRISIL Ratings Limited confirms there is NO deviation or variation in fund utilization from the objects stated in the Letter of Offer. Of the total proceeds, Rs 21,848.95 lakh has been utilized: Rs 10,400 lakh for repayment of company borrowings (Axis Bank working capital loan), Rs 8,300 lakh invested in subsidiary NACL Spec-Chem Limited via compulsory convertible debentures for its debt repayment, and Rs 2,990.95 lakh for general corporate purposes including subsidiary investment and capital expenditure. The unutilized Rs 3,079.97 lakh is temporarily parked in Fixed Deposits with Axis Bank. All stated objects have been followed without material deviation.
Positive for shareholders as the monitoring agency confirms funds are being deployed strictly according to the disclosed objects. The nil deviation indicates proper governance and transparency in capital deployment. The remaining funds are safely invested pending utilization.