Corporate Governance4 Nov 2026, 12:18 pm
Ester Industries: Monitoring Agency Report for Q2 FY27
AI Summary
Ester Industries Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, issued by CRISIL Ratings Limited. This report monitors the utilization of proceeds from the Preferential Issue (PI) of fully convertible warrants. The total proceeds received as of September 30, 2026, amount to ₹165.25 crore, a revision from the initial ₹174.99 crore. Proceeds of ₹9.74 crore were not received due to the non-exercise and lapse of conversion rights. The report confirms that all utilization is in line with the disclosures in the Offer Document, with no deviation from the stated objects.
Key Highlights
- Monitoring Agency Report for Ester Industries for Q2 FY27 submitted.
- CRISIL Ratings monitors utilization of preferential issue proceeds.
- Total proceeds received: ₹165.25 crore.
- No deviation from stated objects for fund utilization.
- Report confirms utilization aligns with Offer Document disclosures.
Price Impact
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