Manappuram Finance Limited has confirmed that there are no deviations in the utilization of proceeds from its recent preferential issue. This assurance is based on the Monitoring Agency Report issued by Crisil Ratings Limited for the quarter ended September 30, 2026. The report substantiates compliance with SEBI regulations regarding the use of funds raised through the preferential issue.
Monitoring Agency Report Affirms Compliance
Manappuram Finance Limited has officially stated that all proceeds raised through its recent preferential issue have been utilized in accordance with the disclosed objectives. This confirmation comes in response to regulatory requirements and is supported by the independent Monitoring Agency Report prepared by Crisil Ratings Limited.
Key Findings for Q2 FY27
The report, covering the quarter ended September 30, 2026, specifically addresses the utilization of funds from the preferential issue. Manappuram Finance Limited, acting under the purview of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, has provided this update. The company has enclosed the Monitoring Agency Report, confirming no discrepancies or deviations from the planned use of the raised capital.
Regulatory Adherence
This confirmation is crucial for maintaining investor confidence and ensuring adherence to financial regulations. The inclusion of the Crisil Ratings report signifies a transparent approach to the management of funds raised through preferential means. The company has formally submitted this report for the information and records of the relevant authorities and stakeholders.
Source: BSE
