Monitoring Agency Report for the quarter ended March 31, 2026
NITCO · price
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Nitco Limited submitted its Q4 FY26 Monitoring Agency Report for a Rs. 625.21 crore preferential issue (equity shares and convertible warrants). Infomerics Valuation and Rating Limited confirmed no deviations from stated objects and no material deviations in fund utilization. Of the Rs. 542.11 crore received till March 2026, Rs. 441.71 crore has been utilized, including Rs. 100.40 crore during the quarter. Debt repayment (Rs. 200 crore), operational creditor dues (Rs. 50 crore), working capital (Rs. 98.06 crore), and general corporate purposes (Rs. 25.21 crore) are fully utilized. Real estate/land acquisition has Rs. 168.85 crore utilized with Rs. 83.09 crore remaining. Promoters Mr. Vivek Prannath Talwar and Mrs. Rajeshwari Prannath Talwar converted 1,14,00,000 warrants into equity shares during the quarter, leaving 1,20,10,000 warrants outstanding.
The report shows proper utilization of preferential issue proceeds with no deviations or unfavorable events. This is a routine compliance filing indicating orderly deployment of funds as per disclosed objects, which is neutral for shareholders.