Aditya Birla Fashion and Retail Limited (ABFRL) has submitted monitoring agency reports for the quarter ended September 30, 2025 (Q2 FY26). These reports, issued by Axis Bank and ICRA, pertain to the utilization of proceeds from the Rights Issue and the Preferential Issue, respectively. The reports confirm that the utilization of funds is in line with the stated objectives, with no deviations noted. Full reports are available on the company website.
Monitoring Agency Report Filing
Aditya Birla Fashion and Retail Limited (ABFRL) announced the submission of Monitoring Agency Reports for Q2 FY26, which ended on September 30, 2025. The reports address the utilization of funds raised through two separate issuances:
- Rights Issue: Monitored by Axis Bank Limited. The report confirms no deviations in the use of proceeds.
- Preferential Issue: Monitored by ICRA Limited. The report confirms no deviations in the use of proceeds.
Axis Bank Report: Key Highlights
Axis Bank, acting as the Monitoring Agent, confirmed that there were no deviations from the stated objectives for the utilization of the Rights Issue funds. The report is based on the format prescribed by regulatory guidelines and provides a true and fair view of the issue proceeds utilization.
ICRA Report: Key Highlights
ICRA Limited also confirmed no deviations from the stated objectives for the utilization of funds from the Preferential Issue. ICRA stated their report provides an objective view based on information provided by ABFRL and sources believed to be accurate. ICRA stated the monitoring report found no deviations in the use of funds for general corporate purposes.
Fund Allocation and Progress
As of September 30, 2025, ABFRL had received ₹992.70 Crores. Utilisation includes:
- Repayment of Borrowings: ₹745.00 Crores
- General Corporate Purpose: ₹242.51 Crores
The company had ₹169.58 crore in the borrowing repayment monitoring account and ₹577.03 Crore towards general corporate purpose. These funds were placed in diversified instruments. ICRA noted that ABFRL transferred funds to subsidiaries’ operational accounts. Payments from these subsidiaries accounts to third parties could not be verified.
General Corporate Purpose Breakdown
A total of ₹225.34 Crore was allocated towards working capital:
- Q1 FY26: ₹45.86 Crore
- Q2 FY26: ₹179.48 Crore
Source: BSE
