
Business Update10 Sept 2026, 07:20 pm
Pakka Ltd: No Deviation in Preferential Issue Proceeds Utilization
AI Summary
Pakka Limited has submitted its First Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from its preferential issue of equity shares and warrants. The company raised ₹114.62 crore, with ₹51.09 crore utilized by June 30, 2026. Brickwork Ratings India Private Limited, the monitoring agency, reported no deviation from the stated objects of the issue. The report also addressed a delay in the appointment of the monitoring agency and submission of the report, with the company providing a management response explaining the circumstances.
Key Highlights
- No deviation reported in the utilization of preferential issue proceeds.
- ₹51.09 crore utilized from ₹114.62 crore preferential issue by June 30, 2026.
- Monitoring Agency Report submitted after a delay due to agency appointment.
- Management provided a response regarding the delay in reporting.
Price Impact
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