Rating31 Jul 2026, 04:07 pm
Xpro India: Crisil Ratings Monitors Preferential Issue Proceeds
AI Summary
Xpro India Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by Crisil Ratings Limited. This report details the utilization of proceeds from a Preferential Issue (PI) conducted in FY 2023-2024. Crisil Ratings was appointed as the Monitoring Agency effective June 06, 2024, following the termination of the agreement with the previous agency, India Ratings and Research Private Limited. The report confirms that there are no deviations from the objects of the issue. The net proceeds monitored amount to ₹140 crore.
Key Highlights
- Monitoring Agency Report for Q1 FY27 submitted by Xpro India.
- Crisil Ratings Limited appointed as the new Monitoring Agency.
- Report covers utilization of Preferential Issue proceeds.
- No deviation from the objects of the preferential issue.
- Net proceeds of ₹140 crore are being monitored.
Price Impact
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