Please find attached report of monitoring agency for quarter ended June 30, 2025.
Awaiting price reaction for this filing.
Dhani Services filed the quarterly Monitoring Agency report from Acuité Ratings covering the quarter ended June 30, 2025, for its INR 406.35 crore preferential issue of convertible warrants (allotment date February 24, 2025). The company received INR 101.59 crore upfront (25% of issue price), with the balance of INR 304.76 crore pending from warrant holders, expected by September 2026. Out of the upfront amount, INR 92.00 crore has been utilized so far — fully deploying INR 50 crore for subsidiary debt repayment, INR 33.30 crore for subsidiary growth plans, INR 5.28 crore for general corporate purposes, and INR 3.42 crore for working capital needs. The remaining INR 9.59 crore is parked in Axis Liquid Fund (INR 8.71 crore) and an HDFC current account (INR 0.88 crore). The monitoring agency reported no deviation from disclosed objects and no adverse remarks, and the Audit Committee noted and approved the report without comment.
This is a routine SEBI-mandated disclosure with a clean report — no deviation from stated purpose and no adverse findings. It is largely a procedural filing and should be neutral for shareholders, though the full INR 50 crore debt-repayment target is already met, showing steady progress on stated objectives.