Monitoring Agency Report for the quarter ended March 31, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CARE Ratings Limited, as Monitoring Agency, has submitted its first quarterly monitoring report for Nexome Capital Markets Limited's Rights Issue of Rs. 22.04 crore (offer period: March 13–23, 2026). Of the total proceeds, Rs. 16.52 crore (75%) has been utilized as at March 31, 2026, while Rs. 5.52 crore remains parked in the monitoring account. Funds were deployed as per the offer document — Rs. 13.56 crore into equity shares and mutual funds (including Inox Green Energy Services at Rs. 5.40 crore and Smartworks Coworking Spaces at Rs. 2.60 crore, plus Nippon India Money Market Fund at Rs. 5.56 crore), Rs. 2.78 crore into Aditya Birla Sun Life Liquid Fund for SEBI merchant banker liquid net worth compliance, and Rs. 0.18 crore towards issue expenses (Rs. 0.12 crore pending). Rs. 5.40 crore for General Corporate Purposes is yet to be deployed (planned for FY 2026-27). No deviations from offer document objects were observed.
The monitoring report confirms clean utilization of rights issue proceeds with no material deviations. The stock of unutilized funds (Rs. 5.52 crore) sitting idle in the monitoring account, combined with the GCP tranche remaining untouched, may attract investor scrutiny, though no regulatory breach is noted. This first report is largely positive for shareholder confidence.