Rights Issue13 Aug 2026, 01:43 pm
Suryo Foods Rights Issue Funds Utilized Appropriately
AI Summary
Suryo Foods & Industries Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, confirming appropriate utilization of funds raised through its Rights Issue of Equity Shares. The report, issued by India Ratings and Research Private Limited, indicates no deviation from the objects stated in the Letter of Offer dated February 5, 2026. The total issue size was INR 594.00 Lakhs, with INR 63.59 Lakhs received in the rights issue account and the balance adjusted against dues payable to promoters. The company's statutory auditor, Sanjit Mohanty & Co, also certified no deviation.
Key Highlights
- Monitoring Agency Report confirms no deviation in rights issue fund utilization.
- Funds raised via Rights Issue appropriately used as per Letter of Offer.
- Total issue size was INR 594.00 Lakhs.
- India Ratings & Research Private Limited issued the monitoring report.
- Statutory Auditor also confirmed no deviation from stated objects.
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