Cello World Q2 FY27 Monitoring Agency Report: ₹1.51 Cr Unutilized

Cello World Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, issued by CARE Ratings Limited. The report pertains to the utilization of proceeds from its Qualified Institutional Placement (QIP) of Rs. 737.32 crore. As of September 30, 2026, Rs. 1.51 crore of the issue proceeds remain unutilized. The report indicates a delay in the utilization of funds for Object 1, an investment in a subsidiary for manufacturing stainless steel bottles and plastic insulatedware. The timeline for this object has been extended multiple times, with the latest extension to September 30, 2026, due to unforeseen external circumstances. CARE Ratings confirmed no deviation from the objects and that utilization during Q2FY27 was as per the placement document, though funds were routed through a subsidiary's current account.