Regulatory12 Aug 2026, 11:27 am
Oriental Rail Infrastructure: No Deviation in Utilisation of ₹212.20 Cr Proceeds
AI Summary
Oriental Rail Infrastructure Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by CARE Ratings Limited, confirms that there has been no deviation in the utilization of the ₹212.20 crore raised through a preferential allotment of securities from the objects approved by shareholders. The company's management has also declared that the utilization is in line with the disclosures made in the offer document.
Key Highlights
- No deviation in utilization of preferential issue proceeds.
- Report covers utilization for the quarter ended June 30, 2026.
- Issue size was ₹212.20 crore.
- Monitoring Agency: CARE Ratings Limited.
- Company confirms adherence to approved objects.
Price Impact
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