Corporate Action27 Apr 2026, 01:42 pm
Oriental Rail Infra: No deviation in ₹212.20 Cr preferential issue funds
AI Summary
Oriental Rail Infrastructure Ltd has filed a statement confirming no deviation or variation in the utilization of proceeds raised through a Preferential Issue. The company raised ₹212.20 Crores on February 22, 2024. This report, filed under SEBI Listing Regulations, covers the quarter ended March 31, 2026, and confirms that the funds were utilized as originally disclosed. CARE Ratings Limited is the designated monitoring agency.
Key Highlights
- No deviation in utilization of funds from Preferential Issue.
- ₹212.20 Crores raised via Preferential Issue on Feb 22, 2024.
- Report covers quarter ended March 31, 2026.
- CARE Ratings Limited is the monitoring agency.
Price Impact
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