Jio Financial Services: No Deviation in Preferential Issue Proceeds Utilization

Jio Financial Services Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. Issued by CRISIL Ratings Limited, the report confirms no deviation from the stated objects for the utilization of proceeds raised through a Preferential Issue (PI) of convertible warrants. The issue, valued at ₹15,825.00 crore, involved 50 crore warrants at ₹316.50 each. The report, prepared as per SEBI regulations, indicates that fund utilization aligns with the disclosures made in the offer document, including infusion into subsidiaries and joint ventures. The company has obtained necessary shareholder approvals and confirmations from its statutory auditor.