Pursuant to Regulation 32(6) of SEBI (LODR) Regulation, 2015 read with Regulation 162A of SEBI (ICDR) Regulation, 2018 we are enclosing the Monitoring Agency Report for the quarter ended ....
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Awaiting price reaction for this filing.
RDB Infrastructure and Power has filed the Monitoring Agency Report from Acuité Ratings for funds raised via a Preferential Issue of Share Warrants in November 2024, totaling INR 277.93 Crores. As of 30 June 2025, the company has utilized INR 145.92 Crores, leaving INR 21.17 Crores unutilized. The debt repayment objective (INR 75 Cr) is fully completed, land purchase (INR 50 Cr) is 87% utilized at INR 43.59 Crores, and working capital (INR 50 Cr) is about 52% used at INR 25.83 Crores. However, the large acquisition/investment objective (INR 100 Cr) has seen barely INR 0.93 Crores deployed, suggesting major spending is still pending. The monitoring agency confirmed no deviation from the stated objects. Of the unutilized INR 21.17 Crores, INR 16 Cr has been parked as unsecured loans to five entities at 15-18% interest, with the rest sitting in current accounts.
Positive sign: No deviation from stated use of funds and debt repayment is fully done, showing discipline. Negative watch: Only 52% of total proceeds deployed in two quarters, and the largest planned use (INR 100 Cr acquisitions) has barely started, meaning dilution from warrants is on the books but the strategic use is delayed, which could weigh on the stock until deployment picks up.