Pursuant to Regulation 32(6) of SEBI (LODR) Regulations, 2015 read with Regulation 162A of SEBI (ICDR) Regulations, 2018 we are enclosing the Monitoring Agency Report for the quarter ended ....
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RDB Infrastructure and Power Limited submitted its Q4 FY2025-26 Monitoring Agency Report for the INR 277.93 crore Preferential Issue of Share Warrants (issued November 13-27, 2024). Monitoring Agency Acuité Ratings confirmed NO deviation in fund utilization against the disclosed objects. Of the INR 210.70 crore raised so far, INR 173.96 crore has been utilized: INR 75 crore for debt repayment, INR 47.17 crore for land purchase, INR 4.63 crore for infrastructure/investment, INR 44.22 crore for working capital, and INR 2.93 crore for general corporate purposes. The remaining INR 36.75 crore is deployed in inter-company loans (totalling INR 36.09 crore across 7 entities) and fixed deposits of INR 0.66 crore, earning INR 2.19 crore in interest. The Audit Committee and Board reviewed the report on May 14, 2026.
Fund deployment is on track with no deviations reported. However, the large portion of unutilized proceeds being given as loans to group entities (INR 36.09 crore across related parties) may attract shareholder scrutiny regarding end-use compliance.