Regulatory14 Aug 2026, 05:10 pm
Nitco Ltd: Monitoring Agency Report for Preferential Issue Proceeds
AI Summary
Nitco Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from its preferential issue. The report, issued by Infomerics Valuation and Rating Limited, confirms no deviation from the objects for which the funds were raised. The preferential issue aggregated to Rs. 625.21 crore. The report has been reviewed by the Audit Committee and taken on record by the Board of Directors.
Key Highlights
- Monitoring Agency Report filed for Q2 FY27.
- No deviation in utilization of preferential issue proceeds.
- Preferential issue raised Rs. 625.21 crore.
- Report reviewed by Audit Committee and Board.
- Infomerics Valuation and Rating Limited is the Monitoring Agency.
Price Impact
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