Please find attached report of Monitoring agency dated May 2, 2025.
Awaiting price reaction for this filing.
Dhani Services submitted the Monitoring Agency report from Acuité Ratings and Research for the quarter ended March 31, 2025, covering its Rs. 406.35 crore preferential issue of convertible warrants (issue period March 17, 2025 to September 16, 2026). The company received Rs. 101.59 crore as the upfront 25% subscription amount, with the remaining Rs. 304.76 crore pending from warrant subscribers. During Q4 FY25, the company utilized Rs. 70 crore in total: Rs. 20 crore towards funding the growth plan of subsidiaries and Rs. 50 crore towards debt repayment of subsidiaries. The unutilized amount of Rs. 31.59 crore has been parked in Axis Liquid Fund. The Audit Committee noted the report with no adverse remarks, and the Monitoring Agency confirmed there is no deviation from the disclosed objects.
This is a routine regulatory filing confirming that funds raised from warrant subscribers are being used as originally disclosed, with no deviation or red flags. It should have no material impact on the stock price, though it provides transparency on the deployment of the Rs. 101.59 crore received so far.