Waterways Leisure Tourism Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. This report, issued by CRISIL Ratings Limited, details the utilization of proceeds raised through the company’s Public Issue of equity shares. The filing is in compliance with SEBI regulations, ensuring transparency in the use of funds for stated objects.
Monitoring Agency Report Submitted
Waterways Leisure Tourism Limited has officially submitted its Monitoring Agency Report for the quarter concluding September 30, 2026. This submission fulfills regulatory requirements as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Proceeds Utilization Overview
The report, prepared by CRISIL Ratings Limited, provides an assessment of how the proceeds from the company’s Initial Public Offer (IPO) were utilized during the specified quarter. It covers details such as investments made, expenses incurred, and adherence to the objects outlined in the offer document. The total IPO size was Rs 585.00 crore.
Key Findings from the Report
As of September 30, 2026, the unutilized IPO proceeds amounting to Rs 415.75 crore were invested in fixed deposits with ICICI Bank Limited. These deposits are marked under lien against an overdraft limit, which is part of the company’s treasury and liquidity management arrangements for the acquisition of a new vessel. The fixed deposits mature between October 25, 2026, and July 23, 2027. The report confirms that utilization of proceeds aligns with the disclosures in the Offer Document, with no major deviations observed.
Utilization Details
- Object 1: Payment towards deposits/advanced lease rental and monthly lease payments to Baycruise Shipping and Leasing (IFSC) Private Limited. Total original cost was Rs 480.01 crore, with Rs 25.64 crore utilized during the quarter. The unutilized amount is Rs 454.37 crore.
- Object 2: General Corporate Purposes (GCP). Original allocation was Rs 76.63 crore, revised to Rs 82.50 crore. During the quarter, Rs 80.35 crore was utilized, leaving an unutilized balance of Rs 2.15 crore.
- Issue Expenses: Original allocation was Rs 28.36 crore, revised to Rs 22.49 crore. The unutilized balance for issue expenses is Rs 1.00 crore.
The total unutilized proceeds at the end of the quarter stood at Rs 457.52 crore.
Source: BSE
