Granules India: Monitoring Agency Report for Q2 FY27

Granules India Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, issued by India Ratings & Research Private Limited. The report confirms no deviation from the objects for the utilization of proceeds raised through a Preferential Issue. The issue, which occurred between February 10-23, 2026, involved 51,28,205 Equity Shares and 2,50,00,000 Convertible Warrants, raising a total of INR 1,762.50 Crores. As of September 30, 2026, the company had received INR 1,761.75 Crores. The report is based on management undertakings and a statutory auditor certificate, with India Ratings & Research acting as the monitoring agency without performing an audit.