Please find enclosed the Monitoring Agency Report for Q4FY2025-26
RELTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Ratings & Research, the monitoring agency, submitted its Q4FY2025-26 report on the utilization of Rs. 180 crore raised through a preferential issue of 2.43 crore equity shares at Rs. 74 per share in October 2024. The company has deployed Rs. 172.50 crore (95.8%) of the issue proceeds, with Rs. 7.50 crore remaining unutilized. The Renewable Energy Business received Rs. 96 crore (including 10% allowed deviation from the Rs. 90 crore proposal), while the Electric Vehicle Business received Rs. 46.51 crore of its Rs. 60 crore allocation, leaving Rs. 13.49 crore idle. General Corporate Purpose utilized Rs. 29.99 crore. No deviation from stated objects was observed. The board has approved a 6-month extension from October 2025 for utilizing the outstanding EV business balance.
Positive for shareholders as the monitoring agency confirms no misuse of funds and proper deployment aligned with stated objects. The unutilized Rs. 7.50 crore is parked in fixed deposits with SBI and Axis Bank, indicating proper fund management while awaiting deployment.