
Corporate Governance4 Nov 2026, 03:54 pm
Balrampur Chini Mills: Monitoring Report on Preferential Issue Proceeds
AI Summary
Balrampur Chini Mills Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, detailing the utilization of funds raised through a preferential issue. The report, prepared by India Ratings & Research Private Limited, confirms no deviation from the stated objects of the issue. The preferential issue, conducted between May 20 and June 3, 2026, raised INR 450 Crores through the allotment of 93,16,771 equity shares at ₹483 per share. The report was reviewed by the Audit Committee and the Board of Directors on November 4, 2026, and is also available on the company's website.
Key Highlights
- Monitoring Agency Report confirms no deviation in preferential issue proceeds utilization.
- Preferential issue raised INR 450 Crores via equity shares.
- Report covers utilization for the quarter ended September 30, 2026.
- India Ratings & Research acted as the Monitoring Agency.
- Report considered by Audit Committee and Board of Directors.
Price Impact
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