Ester Industries: Monitoring Agency Report for Preferential Issue Proceeds

Ester Industries Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by CRISIL Ratings Limited. The report details the utilization of proceeds from a Preferential Issue of fully convertible warrants. The total proceeds received amount to ₹165.25 crore, a revision from the initially planned ₹174.99 crore. A sum of ₹9.74 crore was not received due to non-exercise and lapse of conversion rights. The report confirms that utilization, where applicable, is in line with the offer document disclosures, with no deviations noted. CRISIL Ratings monitors the revised issue proceeds.