Announced Fri, 7 Aug · 11:44 IST
Silgo Retail board reviews rights issue proceeds usage for Q1 FY27
SILGO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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AI summary
Silgo Retail's board reviewed the Brickwork Ratings monitoring report for the quarter ended June 30, 2026 on rights issue proceeds. The company raised Rs. 44.06 crore (99.48 percent of the Rs. 44.29 crore target) through the rights issue held from January to February 2026. As of June 30, 2026, Rs. 43.77 crore was deployed into SPV Hare Krishna Creative Realty, with only Rs. 0.04 crore unutilized. Issue expenses stood at Rs. 0.29 crore. No deviation from stated objects was found.
Likely market impact
Confirms rights issue funds are being deployed as planned into the SPV with no deviation, a mildly positive signal on governance.