Rights Issue27 Jul 2026, 04:25 pm

NACL Industries Reports Nil Deviation in Rights Issue Fund Utilization

AI Summary

NACL Industries Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, confirming no deviation in the utilization of funds raised through its Rights Issue. The report, filed as per SEBI regulations, indicates that all proceeds were used in line with the objects stated in the Letter of Offer dated December 08, 2025. The total amount raised was ₹24,928.91 Lakhs, with allocations for repayment of borrowings, investment in its subsidiary NACL Spec-Chem Limited, general corporate purposes, and issue expenses. CRISIL Ratings Limited acted as the monitoring agency.

Key Highlights

No deviation reported in Rights Issue fund utilization for Q2 FY26.
Funds raised were ₹24,928.91 Lakhs via Rights Issue.
Utilisation aligned with stated objects: debt repayment, subsidiary investment, and corporate purposes.
CRISIL Ratings Limited served as the monitoring agency.
Report filed as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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