Monitoring Agency Report for the Quarter Ended 31st December,2025
SKIPPER · price
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Awaiting price reaction for this filing.
Skipper Limited has submitted the Monitoring Agency Report from India Ratings & Research for its Rights Issue, which was conducted from 30th January to 8th February 2024. The total issue size was Rs. 1,991.80 million (1.02 crore shares at Rs. 194 each), with actual proceeds received of Rs. 1,986.97 million after forfeiture of 33,198 shares whose call money of Rs. 145.50/share was not received. Out of the three objects — working capital (Rs. 1,600 Mn), general corporate purpose (Rs. 380.80 Mn), and issue expenses (Rs. 11 Mn) — the company has utilized Rs. 1,986.96 million by 31st December 2025, leaving only Rs. 9,457.50 in an ICICI Bank escrow account. During the quarter, Rs. 2.79 million was deployed towards vendor payments under the general corporate purpose head. The Monitoring Agency confirmed no deviation from stated objects and no changes in the means of finance.
This is a routine regulatory filing confirming that nearly 100% of Rights Issue proceeds have been deployed as originally promised to shareholders. No deviation or misuse of funds was observed, which is a positive governance signal. Share forfeiture of 33,198 shares is minor and immaterial to the overall issue, so no meaningful impact on the stock price is expected.