Monitoring Agency Report for the Quarter ended 31st March,2026
SKIPPER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Skipper Limited submitted its quarterly monitoring agency report for the Rights Issue conducted from 30th January to 8th February 2024. India Ratings and Research, the appointed monitoring agency, confirmed no deviation from the stated objects of the issue. The rights issue raised INR 1,986.97 Mn (out of the originally planned INR 1,991.80 Mn, after forfeiting 33,198 shares where call money was not received). Of this, INR 1,598.63 Mn was utilized for Working Capital Requirements (out of INR 1,600 Mn planned), INR 378.58 Mn for General Corporate Purpose (out of INR 380.80 Mn planned), and INR 9.76 Mn for issue-related expenses (out of INR 11 Mn planned). The funds are nearly fully deployed as per the offer document disclosures, with both Working Capital and General Corporate Purpose objectives marked as completed.
This is a routine compliance filing confirming proper utilization of rights issue proceeds. The positive confirmation of no deviations and full fund deployment is a routine disclosure that carries no immediate positive or negative signal for shareholders, as it confirms the company is executing its stated plans as committed.