Restaurant Brands Asia Limited has submitted its Monitoring Agency Reports for the quarter ended June 30, 2026. These reports, prepared by ICRA Limited and India Ratings & Research Private Limited, detail the utilization of proceeds raised through a Qualified Institutions Placement and a Preferential Issue, respectively. The filings comply with SEBI regulations and provide an objective view of how the funds have been allocated against the stated objects of the issue.
Monitoring Agency Reports Submitted for Q1 FY27
Restaurant Brands Asia Limited has officially submitted its Monitoring Agency Reports for the quarter that concluded on June 30, 2026. These crucial documents provide an overview of how the company has utilized the proceeds from its recent fundraising activities.
Detailed Utilization Review
The reports have been prepared by two independent monitoring agencies:
- ICRA Limited: This agency has reviewed the utilization of funds raised through the Qualified Institutions Placement.
- India Ratings & Research Private Limited: This agency has overseen the utilization of proceeds from the Preferential Issue.
Both reports confirm that the utilization of issue proceeds is in line with the objects of the issue, with no material deviations observed. The filings are in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable guidelines.
Key Financials from Reports
The Monitoring Agency Report from ICRA Limited details the allocation of INR 500 Crore from the QIP Issue. While the original cost for certain objects was estimated, the actual offer-related expenditure has led to a revised General Corporate Purpose (GCP) amount. Unutilized proceeds amounting to INR 77.15 Crore have been deployed in various instruments, including fixed deposits and mutual funds, with a total market value of INR 79.13 Crore as of the quarter end.
India Ratings & Research Private Limited’s report addresses the Preferential Issue, which raised a total of INR 1,500.00 Crores. The issue included equity shares and convertible warrants. As of June 30, 2026, the total proceeds received were INR 1,050.00 Crores, with INR 1,050.00 Crores being utilized for various objects including funding capex, refurbishment, and general corporate purposes. Unutilized proceeds amounting to INR 1,050.00 Crores are currently invested in various mutual funds, with a market value of INR 1,056.22 Crores.
Both agencies have confirmed that there are no deviations from the stated objects of the respective issues and that the utilization is proceeding as planned.
Source: BSE
