Rights Issue10 Nov 2026, 06:10 pm
NACL Industries: No Deviation in Rights Issue Fund Utilization
AI Summary
NACL Industries Limited has confirmed that there was no deviation or variation in the utilization of proceeds from its Rights Issue, which was announced on December 8, 2025. The report covers the period ending September 30, 2026. The total amount raised through the Rights Issue was ₹24,928.91 Lakhs (₹249.29 Crore). Funds were allocated to repayment of borrowings, investment in its subsidiary NACL Spec-chem Limited for debt repayment, general corporate purposes, and issue expenses. The Monitoring Agency Report, provided by CRISIL Ratings Limited, corroborates the nil deviation.
Key Highlights
- No deviation in Rights Issue fund utilization for Q2 FY27.
- Total Rights Issue proceeds amounted to ₹24,928.91 Lakhs.
- Funds used for debt repayment and subsidiary investment.
- CRISIL Ratings confirmed nil deviation in fund utilization.
- Report filed as per SEBI (ICDR) Regulations, 2018.
Price Impact
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