Regulatory12 May 2026, 04:08 pm
Borosil Renewables: Monitoring Agency Report for Mar 2026
AI Summary
Borosil Renewables Ltd. released Monitoring Agency Reports by ICRA Limited and CARE Ratings Limited for the quarter ended March 31, 2026, as per SEBI regulations. The reports cover the utilization of proceeds from preferential issues in February and October 2025. ICRA's report indicates no deviation from the intended use of issue proceeds. Proceeds credited to equity and warrant account INR 235.14 Crore upto 31st March 2026 will be monitored by ICRA in Q4FY26.
Key Highlights
- Monitoring Agency Reports for Q4 2026 issued by ICRA and CARE.
- Reports pertain to utilization of funds from preferential issues in Feb & Oct 2025.
- ICRA reports no deviation from the objects of the issue.
- INR 235.14 Crore proceeds will be monitored by ICRA in Q4FY26.
- Issue size revised to INR 517.66 Crore due to under subscription.
Price Impact
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