Corporate Governance3 Nov 2026, 08:00 pm
Windsor Machines: Monitoring Agency Report for Preferential Issue Proceeds
AI Summary
Windsor Machines Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, issued by ICRA Limited. The report confirms that the utilization of proceeds from the Preferential Issue, amounting to INR 725.00 Crore, is in line with the objects of the issue, with no deviation observed. The company raised funds through a Preferential Issue of Equity and Warrants between January 6-8, 2025. A minor discrepancy was noted regarding the rounded-off amount for the acquisition of Global CNC Private Limited (INR 344.00 crore vs. INR 343.11 crore), with the actual net amount utilized after TDS deduction being INR 342.77 crore.
Key Highlights
- Monitoring Agency Report confirms no deviation in utilization of preferential issue proceeds.
- Total proceeds monitored are INR 725.00 Crore.
- Acquisition of Global CNC Private Limited utilized INR 342.77 crore.
- Minor rounding difference noted in acquisition amount.
- Report submitted as per SEBI ICDR and LODR Regulations.
Price Impact
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