Announced Wed, 28 Oct, 2026 · 19:22 IST
ICRA reports no deviation in preferential issue fund use
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
ICRA says Rs105 crore raised through the April 2025 preferential issue is being used as planned, with no deviation. At September 30, 2026, Rs52.10 crore of unutilized proceeds had earned Rs1.31 crore and was worth Rs53.51 crore, mainly through two mutual funds and a Rs20 crore Shriram Finance fixed deposit. General corporate spending was Rs5.54 crore. Use is planned over three financial years from FY2024-25, within a four-year maximum.
Likely market impact
Neutral: planned use of issue funds is confirmed, with no deviation. Remaining Rs53.51 crore supports working capital and expansion needs.