StockWatch
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Cement & Cement Products
Rights Issue12 Aug 2026, 04:28 pm

Grasim Industries: No Deviation in Rights Issue Fund Utilization

AI Summary

Grasim Industries Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, issued by CARE Ratings Limited. The report confirms that there has been no variation or deviation in the utilization of funds raised through the company's Rights Issue, which aggregated to ₹3,999.80 crore. This information is in compliance with SEBI regulations and the Monitoring Agency Agreement. The report also states that the company's management/audit committee will provide their comments subsequently. The information is available on the company's website.

Key Highlights

  • No deviation reported in the utilization of Rights Issue funds.
  • Report covers the quarter ended June 30, 2026.
  • Funds raised amounted to ₹3,999.80 crore.
  • Monitoring Agency is CARE Ratings Limited.
  • Information compliant with SEBI regulations.