Corporate Governance4 Nov 2026, 07:32 pm
PDS Ltd: Monitoring Agency Report for QIP Proceeds
AI Summary
PDS Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, issued by CRISIL Ratings Limited. The report, reviewed by the Audit Committee and Board of Directors, confirms no deviation in the utilization of proceeds from the Qualified Institutional Placement (QIP). The QIP, which took place from August 22-27, 2024, raised ₹43,000 lakhs in gross proceeds. As of September 30, 2026, cumulative issue expenses incurred were ₹1,858.49 lakhs, with the remaining ₹85.55 lakhs held in the company's monitoring account and fixed deposits.
Key Highlights
- Monitoring Agency Report for QIP proceeds submitted for Q2 FY27.
- CRISIL Ratings confirms no deviation in QIP fund utilization.
- QIP raised ₹43,000 lakhs gross proceeds.
- Issue expenses incurred ₹1,858.49 lakhs as of Sept 30, 2026.
- Remaining ₹85.55 lakhs held in company accounts.
Price Impact
More from PDSL