Monitoring Agency Report for the quarter ended 30th June, 2025
SKIPPER · price
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Skipper Limited has submitted the quarterly Monitoring Agency Report from India Ratings & Research for its Rights Issue (Jan–Feb 2024) of Rs. 1,991.80 million. Out of Rs. 1,984.49 million raised, Rs. 1,975.25 million has already been deployed — Rs. 1,598.63 million towards augmenting working capital, Rs. 366.86 million for general corporate purposes, and Rs. 9.76 million for issue expenses. The remaining Rs. 9.24 million is sitting idle in an ICICI Bank escrow account because trading approval for a small lot of shares is still pending from BSE and NSE. The agency confirmed there is no deviation from the objects stated in the offer document, no change in means of finance, and no unfavorable events affecting the use of funds.
This is a routine compliance update and broadly reassuring for shareholders — nearly all rights issue money has been used for the stated purposes on schedule, with no misuse or diversion. The small unutilized balance in escrow is a minor administrative matter tied to pending exchange approvals and is unlikely to affect the stock price.