StockWatch
·
Residential- Commercial Projects
Regulatory10 Aug 2026, 08:00 pm

RDB Infrastructure: No Deviation in Preferential Issue Fund Utilization

AI Summary

RDB Infrastructure And Power Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Acuité Ratings and Research Limited, confirms that there has been no deviation in the utilization of funds raised through a Preferential Issue of Share Warrants. The utilization aligns with the stated objects of the issue. The report has been reviewed by the Audit Committee and the Board of Directors. The company also confirmed that all utilization is as per the disclosures in the Offer Document, and no material deviations or changes in the means of finance were observed.

Key Highlights

  • Monitoring agency confirms no deviation in preferential issue fund utilization.
  • Utilization of funds aligns with the stated objects of the issue.
  • Report reviewed by Audit Committee and Board of Directors.
  • No material deviations or changes in the means of finance observed.
  • Information available on the company's website.