Corporate Governance22 Oct 2026, 12:08 pm
Oriental Rail Infrastructure: No Deviation in Preferential Issue Proceeds Utilization
AI Summary
Oriental Rail Infrastructure Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, prepared by CARE Ratings Limited. The report confirms that there has been no deviation in the utilization of the Rs. 212.20 crore raised through a preferential issue of securities from the objects approved by the shareholders. The company has declared 'Nil' deviation from the stated objects, indicating compliance with SEBI regulations regarding the use of funds.
Key Highlights
- Monitoring Agency Report submitted for Q3 FY27.
- No deviation confirmed in utilization of Rs. 212.20 crore preferential issue proceeds.
- CARE Ratings Limited acted as the Monitoring Agency.
- Company confirms compliance with SEBI regulations.
Price Impact
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