Outcome of the Meeting of the Board of Directors of Unison Metals Limited held on today i.e. Wednesday, 16th July 2025. for Appointmemt of Monitoring Agency
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Unison Metals Ltd's Board, at its meeting on July 16, 2025, approved the appointment of CARE Ratings Limited as the SEBI-registered Monitoring Agency to oversee the use of funds raised through its Rights Issue of equity shares aggregating to INR 34.33 crore. CARE Ratings has accepted the appointment and will monitor utilization of the issue proceeds in line with SEBI (LODR) and ICDR Regulations. The company will pay CARE a yearly monitoring fee of Rs. 3.50 lakh plus GST. The board meeting ran from 5:30 PM to 7:10 PM.
This is a routine compliance step required for the Rights Issue and signals that the company is formalizing post-issue fund monitoring. It does not change the size or terms of the Rights Issue but adds a layer of regulatory oversight on how the INR 34.33 crore raised will be deployed, which is generally a positive governance signal for shareholders.