Monitoring Agency Report for the quarter ended March 31, 2025
OPTIEMUS · price
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Optiemus Infracom submitted its Q4 FY2025 Monitoring Agency Report prepared by ICRA Limited, covering proceeds from a preferential issue of equity shares and fully convertible warrants. The issue opened on January 25, 2025 and closed on February 7, 2025, at Rs. 672.25 per share. The original issue size of Rs. 434.41 crore was revised down to Rs. 296.37 crore due to undersubscription, with Rs. 144.47 crore credited to the net proceeds account by March 31, 2025. During the quarter, Rs. 131.26 crore was deployed — including Rs. 44.8 crore into Bharat Innovative Glass Technology, Rs. 31 crore into Optiemus Electronics, Rs. 25 crore into GDN Enterprises, Rs. 15 crore for working capital, and Rs. 15.46 crore for general corporate purposes (income tax, GST, vendor payments). ICRA confirmed no material deviation from the stated objects and all projects remain on schedule for completion by March 31, 2027.
The report is routine and reassuring for shareholders — no deviation or misuse of funds was flagged, and the reduced issue size reflects partial demand rather than governance concerns. Unutilized proceeds sitting in the share application account (Rs. 13.21 crore) are pending further warrant tranche payments, so deployment may continue to be gradual in coming quarters.