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Rights Issue14 Aug 2026, 12:28 pm

Bhandari Hosiery Exports: Monitoring Report for Rights Issue Proceeds Q4 FY26

AI Summary

Bhandari Hosiery Exports Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, as approved by its Audit Committee and Board of Directors. The report, issued by Crisil Ratings Limited, pertains to the utilization of proceeds from its Rights Issue. The company confirmed no deviation from the objects of the issue. The Rights Issue, which occurred from March 6 to March 20, 2026, raised gross proceeds of ₹2,378.41 lakh, with net proceeds of ₹2,278.41 lakh after deducting issue expenses of ₹100.00 lakh.

Key Highlights

  • Monitoring Agency Report for Rights Issue proceeds submitted.
  • Quarter ended June 30, 2026, reviewed.
  • No deviation from the objects of the Rights Issue.
  • Rights Issue raised ₹2,378.41 lakh in gross proceeds.
  • Report approved by Audit Committee and Board of Directors.