Monitoring Agency Report for the quarter ended March 31, 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vertex Securities Limited has filed its first Monitoring Agency Report for a Rights Issue that raised Rs. 14.80 crore through 7.40 crore partly paid-up equity shares at Rs. 2 per share. As of March 31, 2026, the company received only Rs. 3.70 crore (application money) because shares are partly paid-up in nature. The remaining Rs. 11.10 crore will be collected in future calls. The funds are planned for working capital (Rs. 10.65 crore), general corporate purposes (Rs. 3.65 crore), and issue expenses (Rs. 0.50 crore). No utilization has occurred yet as all proceeds remain in the designated Rights Issue account. The monitoring agency Brickwork Ratings confirms no deviations from the stated objects and no material concerns.
This is a routine monitoring report for a rights issue at an early stage. The partly paid-up structure means significant capital is still pending collection from shareholders, which could pose execution risk if shareholders fail to pay future call installments.