Submission of Monitoring Agency Report under Regulation 82(4) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, for the quarter ended 31st March, 2025
SKIPPER · price
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Skipper Limited has submitted the quarterly Monitoring Agency Report from India Ratings & Research for its Rights Issue, which was conducted from 30 January to 8 February 2024 with a total issue size of ₹1,991.80 million. Of this, the company has raised ₹1,975.81 million so far, with a small balance of ₹15.99 million yet to be received. Out of the amount raised, ₹1,975.25 million has already been utilised — ₹1,598.63 million for augmenting working capital (against the planned ₹1,600 million), ₹366.86 million for general corporate purposes including vendor payments (against ₹380.80 million), and ₹9.76 million for issue-related expenses. The report confirms no deviation from the stated objects of the issue, no major deviation from earlier monitoring reports, and no unfavourable events affecting the project viability. A small amount of ₹0.56 million remains in an ICICI Bank escrow account pending trading approvals from BSE and NSE.
This is a routine regulatory compliance filing with no negative findings — the company has used rights issue proceeds broadly as promised to investors, with near-complete deployment. No material impact on the stock is expected from this disclosure.