Business Update19 Sept 2026, 01:00 pm
Vivid Mercantile Appoints Brickwork Ratings as Monitoring Agency
AI Summary
Vivid Mercantile Ltd announced that its Board of Directors, in a meeting held on September 19, 2026, approved the appointment of M/s. Brickwork Ratings India Pvt. Ltd as the Monitoring Agency (MA). This agency will oversee the proceeds from the company's proposed rights issue of equity shares, ensuring alignment with the objectives outlined in the Draft Letter Offer/Letter Offer. The board meeting commenced at 11:00 AM and concluded at 12:30 PM.
Key Highlights
- Board approved appointment of Brickwork Ratings India Pvt. Ltd.
- Brickwork Ratings will act as Monitoring Agency (MA).
- MA will monitor proceeds of proposed rights issue.
- Appointment is in line with SEBI LODR Regulations, 2015.
- Board meeting held on September 19, 2026.
Price Impact
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