StockWatch
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Telecom -  Equipment & Accessories
Corporate Action5 Nov 2026, 05:52 pm

Optiemus Infracom: Final Monitoring Report for Preferential Issue

AI Summary

Optiemus Infracom Ltd has filed its final Monitoring Agency Report for the quarter ended September 30, 2026, concerning the utilization of proceeds from its preferential issue of equity shares and fully convertible warrants. The report, issued by ICRA Limited, confirms that the entire issue proceeds of INR 291.359 Crore have been fully utilized as of the reporting date. There were no material deviations from the objects of the issue, although shareholder approval was obtained for a change in the deployment of funds. The company's Audit Committee and Board of Directors have reviewed and taken the report on record. This marks the last such report for this issue.

Key Highlights

  • Final Monitoring Agency Report filed for preferential issue proceeds.
  • Total issue proceeds of ₹291.359 Crore fully utilized by Sep 30, 2026.
  • No material deviation from issue objects; shareholder approval obtained for fund deployment changes.
  • Audit Committee and Board of Directors have reviewed and accepted the report.
  • This is the last Monitoring Agency Report for the preferential issue.