StockWatch
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Non Banking Financial Company (NBFC)
Rights Issue11 Aug 2026, 01:22 pm

Lloyds Enterprises: Rights Issue Funds Utilized Appropriately

AI Summary

Lloyds Enterprises Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by India Ratings & Research Private Limited, confirms that funds raised through the company's Rights Issue, initiated via a Letter of Offer dated August 11, 2025, have been utilized appropriately for the stated objects. The utilization was reviewed and approved by the Audit Committee and the Board of Directors. No deviation from the objects was observed, based on management undertakings and a certificate from statutory auditors V K Beswal & Associates. The company has also uploaded this intimation on its website.

Key Highlights

  • Rights issue proceeds utilized as per offer document.
  • No deviation from stated objects observed.
  • Report confirmed by India Ratings & Research Private Limited.
  • Audit Committee and Board of Directors approved the report.
  • Statutory Auditor certificate supports fund utilization.