Rights Issue7 May 2026, 10:08 am
Bhandari Hosiery: Monitoring Agency Report for Mar 2026
AI Summary
Bhandari Hosiery Exports Ltd. has released the Monitoring Agency Report by Crisil Ratings Limited for the quarter ended March 31, 2026, concerning the utilization of proceeds from its Rights Issue. The report, approved by the Audit Committee and Board of Directors on May 6, 2026, indicates no deviation from the stated objectives of the issue. The gross proceeds of the fresh issue were ₹2,378.41 lakh, with net proceeds of ₹2,278.41 lakh after deducting issue expenses of ₹100.00 lakh.
Key Highlights
- Crisil Ratings Limited monitored the Rights Issue proceeds for quarter ended March 31, 2026.
- No deviations were observed from the stated objectives of the Rights Issue.
- Gross proceeds from the fresh issue amounted to ₹2,378.41 lakh.
- Net proceeds totaled ₹2,278.41 lakh after deducting ₹100.00 lakh in issue expenses.
Price Impact
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