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 (January 2025). Of the INR 510.07 crore received so far (partial warrant conversion), INR 499.94 crore has been utilized. The acquisition of Global CNC Private Limited is nearly complete at INR 342.77 crore of INR 344 crore planned. Capex deployment stands at INR 103.17 crore of INR 165 crore, while working capital for the company and Global CNC has deployed INR 20 crore and INR 19 crore respectively. General corporate purpose spending of INR 15 crore includes INR 11.24 crore for a one-time worker settlement payment. No deviations from the stated objects of the issue were observed, and all projects remain on schedule.
The report shows healthy utilization of proceeds with no deviations, suggesting the fundraising and deployment are proceeding as planned. The one-time worker settlement of INR 11.24 crore under GCP indicates a one-time cost but is within approved limits. Shareholders can be reassured that fund deployment is on track.