Regulatory17 Apr 2026, 08:11 pm
Jio Financial Services: No Deviation in Preferential Issue Fund Use
AI Summary
Jio Financial Services Ltd. has submitted the Monitoring Agency Report for the quarter ended March 31, 2026, issued by CRISIL Ratings Limited. The report confirms that there was "No deviation" from the objects disclosed in the offer document regarding the utilization of proceeds from its Preferential Issue. This issue involved up to 50 crore warrants at ₹316.50 per warrant, aggregating to ₹15,825.00 crore. The report was prepared in compliance with Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Key Highlights
- CRISIL Ratings issued the Monitoring Agency Report for Q4 FY26.
- Report confirms no deviation in the utilization of Preferential Issue proceeds.
- The Preferential Issue raised ₹15,825.00 crore through 50 crore warrants.
- Fund utilization aligns with disclosures in the August 1, 2025, Notice to Shareholders.