Corporate Governance29 Oct 2026, 10:41 pm
STL Networks: Monitoring Agency Report for Preferential Issue
AI Summary
STL Networks Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, concerning the utilization of proceeds from its Rs. 108.00 crore preferential warrants issue. CARE Ratings Limited, the appointed monitoring agency, has reported no deviation from the stated objects of the issue. The report confirms that Rs. 2.00 crore has been utilized as per the offer document's objectives. The company has also reported increased losses of Rs. 99 crore in FY26 compared to Rs. 32 crore in FY25.
Key Highlights
- Monitoring Agency Report filed for Rs. 108 crore preferential warrants issue.
- CARE Ratings confirms no deviation in utilization of funds.
- Rs. 2.00 crore utilized as per stated objects.
- Company reported increased losses in FY26.
- Report covers utilization for the quarter ended September 30, 2026.
Price Impact
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