Quarterly Updates15 May 2026, 08:41 pm
Shriram AMC Monitoring Report for Quarter Ended March 2026
AI Summary
Shriram Asset Management Company Ltd. has released the Monitoring Agency Report for the quarter ended March 31, 2026, as per SEBI regulations. The report, prepared by ICRA Limited, confirms that the utilization of proceeds from the preferential issue is in line with the stated objectives, with no deviations observed. The net proceeds from the issue were ₹105.00 Crore, raised through the allotment of 38,88,889 equity shares at ₹270 each. The report also confirms no material deviations from the offer document and all arrangements are in operation.
Key Highlights
- Monitoring Agency Report confirms no deviation in the use of preferential issue proceeds.
- ICRA Limited prepared the report for the quarter ended March 31, 2026.
- Net proceeds from the preferential issue were ₹105.00 Crore.
- Issue involved allotment of 38,88,889 equity shares at ₹270 each.
- No material deviations observed from the expenditures disclosed in the Offer Document.
Price Impact
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