Monitoring Agency Report for utilisation of fund in the matter of preferential issue for the Quarter ended on 31st March, 2026.
RATNAVEER · price
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Crisil Ratings Limited has issued the Q4 FY2026 monitoring report for Ratnaveer's preferential issue of warrants. The total issue size is Rs. 115.18 crore. During the quarter, the company received Rs. 28.80 crore (25% subscription) and deployed Rs. 22.80 crore for working capital (raw material purchases). Rs. 6 crore is parked in fixed deposits (IDBI, maturing March 2027, current value Rs. 6.96 crore). The remaining Rs. 86.39 crore (75%) is pending from warrant subscribers. Warrants are exercisable within 18 months of allotment. No deviations from stated objects were observed.
Shareholders can note that fund utilization aligns with the offer document and warrants remain in-the-money given the current market price of Rs. 178.45 vs. the issue price of Rs. 159.25.