Monitoring Agency Report issued by ICRA Limited for the quarter ended 30 June, 2025.
SENCO · price
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Awaiting price reaction for this filing.
ICRA Limited, the appointed monitoring agency, has confirmed that Senco Gold has utilised its QIP proceeds in line with the stated objects with no deviations. The QIP, conducted in December 2024, raised Rs. 459 crore (4.08 lakh equity shares at Rs. 1,125 each, including a premium of Rs. 1,115) with net proceeds of Rs. 443.42 crore. As of June 30, 2025, the company has utilised Rs. 457.69 crore out of Rs. 459 crore, with only Rs. 1.31 crore remaining unutilised in a monitoring account with ICICI Bank. The Rs. 350 crore earmarked for repayment of borrowings has been fully deployed, and the Rs. 93.42 crore for general corporate purposes (working capital) was completed in Q1 FY2026 with a 3-month delay from the original FY2025 timeline.
This is a routine compliance filing that reassures shareholders that QIP funds have been deployed as promised, with full debt repayment completed and working capital needs funded. No negative impact on the stock; the clean report reflects disciplined capital usage.