Please find enclosed the Monitoring Agency Report for the quarter ended March 31, 2026.
WINDMACHIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ICRA Limited has submitted the Q4 FY2026 monitoring report for Windsor Machines' INR 725 crore preferential issue (opened January 6-8, 2025). As of March 31, 2026, INR 510.07 crore has been received (part payment against warrants), with INR 499.94 crore already deployed. The acquisition of Global CNC Private Limited has been completed at INR 342.77 crore (net of TDS deduction). Capex funding shows INR 103.17 crore utilized out of INR 165 crore allocated, while working capital for the company and Global CNC has seen INR 20 crore and INR 19 crore deployed respectively. General corporate purposes account shows INR 15 crore utilized, primarily for vendor payments and a one-time worker settlement. No deviations from the stated objects of the issue were observed, and all projects remain on schedule.
The report indicates proper utilization of proceeds with the major acquisition completed on track. The INR 10.13 crore balance in the share application account represents unutilized warrant proceeds. Shareholders can take comfort that the capital deployment is proceeding as disclosed, with no material deviations requiring corrective action.