Corporate Governance12 Nov 2026, 08:12 pm
Manorama Industries: Monitoring Agency Report for QIP Proceeds
AI Summary
Manorama Industries Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by Crisil Ratings Limited, details the utilization of funds raised through a Qualified Institutions Placement (QIP). The QIP, which took place from June 29, 2026, to July 02, 2026, raised ₹48,539.81 Lakhs (₹485.40 Crore). The report confirms that the utilization of these proceeds is in line with the objects stated in the placement document, with no deviations noted. The company has provided management undertakings and auditor certificates as part of the monitoring process.
Key Highlights
- Monitoring Agency Report submitted for QIP proceeds.
- QIP raised ₹48,539.81 Lakhs (₹485.40 Crore).
- Utilization of funds is as per the placement document.
- No deviations from the stated objects were reported.
- Report issued by Crisil Ratings Limited.
Price Impact
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