Please find attached the Monitoring Agency Report for the quarter ended March 31, 2026
WELENT · price
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Welspun Enterprises Limited has submitted its Q4 FY2026 Monitoring Agency Report (issued by CRISIL Ratings Limited) covering the utilization of Rs 1,000 crore raised via a Preferential Issue of convertible warrants. Of the total issue proceeds, only Rs 250 crore has been received so far, with Rs 750 crore still pending from warrant holders who have up to 18 months to convert warrants into equity shares at Rs 525 per share. No proceeds were utilized during the quarter — the entire unutilized amount of Rs 250 crore has been parked in liquid/short-duration mutual funds (Invesco, Nippon India, Union Corporate Bond, JioBlackRock, DSP), earning Rs 4.32 crore in returns. The planned use of funds is a 6-lane partially elevated highway corridor from Pune to Shirur (NH-753F, Maharashtra) on a DFBOT (Toll) model. No deviations from the stated objects were reported.
The proceeds are still largely unrealized and deployed in low-risk liquid funds, so there is no immediate impact on the highway project timeline or stock. The warrant conversion price of Rs 525 aligns closely with the current market price of Rs 525.90, suggesting warrant holders are near break-even on conversion.