Rights Issue10 Aug 2026, 06:20 pm
Asian Granito India Ltd: Monitoring Agency Report for Rights Issue Proceeds
AI Summary
Asian Granito India Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by ICRA Limited. The report confirms no material deviation in the utilization of rights issue proceeds. While utilization was different from the original objects, it was in line with shareholder-approved changes. The rights issue, which closed on May 10, 2022, raised INR 440.96 Crore, with net proceeds of INR 422.17 Crore after expenses. ICRA Limited acted as the Monitoring Agency as per SEBI regulations.
Key Highlights
- Monitoring Agency Report submitted for Q1 FY2027.
- No material deviation in utilization of rights issue proceeds.
- Utilization aligned with shareholder-approved object changes.
- Rights Issue raised INR 440.96 Cr, net proceeds INR 422.17 Cr.
- ICRA Limited served as the Monitoring Agency.
Price Impact
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