Skipper Ltd: Preferential Issue Proceeds Utilization Report for Q2 FY27

Skipper Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, concerning the utilization of proceeds from its Preferential Issue. The report, issued by India Ratings and Research Private Limited, confirms no deviation from the stated objects of the issue. The company has repaid Working Capital Demand Loans and Cash Credit Facilities, with the corresponding limits remaining available for redraw due to their revolving nature. The Preferential Issue, which raised INR 433.50 Crores through the issuance of 92,23,402 Equity Shares at ₹470 per share, was conducted between July 25-31, 2026. The report is based on management undertakings, statutory auditor certificates, and bank statements.