Reliance Infrastructure has released the Monitoring Agency Report for the quarter ended September 30, 2025 (Q2 FY26). The report, submitted by Infomerics Valuation and Rating Limited, provides an overview of the utilization of proceeds from the company’s preferential issue of warrants. The report states that there were no deviations from the intended use of funds.
Monitoring Agency Overview
Infomerics Valuation and Rating Limited submitted a report on November 11, 2025, concerning the preferential issue of warrants by Reliance Infrastructure, covering the period up to September 30, 2025. The review was conducted based on the SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018.
Key Highlights from the Report
The report indicates that Reliance Infrastructure’s issuance comprised 12,56,00,000 warrants convertible into equity shares, with an issue price of ₹240.00 per share, amounting to a total of ₹3,014.40 crore. As of this report, no proceeds had been utilized during the reported quarter.
Financial Data Summary
Here’s a summary of the proceeds received and utilized (in ₹ crores):
- Total proceeds proposed: 3,014.40
- Proceeds received until December 2024: 753.60
- Utilized until December 2024: 482.25
- Unutilized balance by December 2024: 271.35
- Additional proceeds received until June 2025: 225.00
- Proceeds utilized until June 2025: 262.10
- Total Proceeds Received till September 30, 2025: 978.60
- Proceeds Utilized till September 30, 2025: 978.60
It was reported that 1,25,00,000 equity shares were allotted to Risee Infinity Private Limited on June 18, 2025, totaling a consideration of ₹300.00 crore.
Utilization and Deviation
There were no reported deviations from the intended purposes of the funds, and all arrangements are consistent with the offer documents.
Proposed Usage of Funds
A significant portion of the funds is earmarked for expanding the company’s presence in the defence sector and exploring new business opportunities, aligning with the ‘Make in India’ and ‘Viksit Bharat’ visions. Funds will also be deployed into general corporate purposes, up to 25% of issue proceeds.
Source: BSE
