V2 Retail Limited announced the monitoring agency report for the quarter ended December 31, 2025 (Q3 2026), concerning the utilization of funds raised through Qualified Institutions Placement (QIP). The report, issued by India Ratings & Research Private Limited, indicates adherence to the initially defined objectives for the deployed capital. A total of INR 39,999.99 Lakhs in funds are covered in this report.
QIP Fund Allocation Overview
The monitoring report confirms that V2 Retail Limited is deploying raised capital in accordance with previously defined objectives. The report particularly highlights the utilization of funds acquired through the Qualified Institutions Placement (QIP) route, for the fiscal quarter concluding on December 31, 2025.
Key Areas of Fund Utilization
The funds have been strategically allocated across three primary areas:
- Working Capital: INR 16,525.26 Lakhs was used to support working capital requirements.
- Debt Repayment: INR 13,500.00 Lakhs was deployed for repayment of borrowings.
- General Corporate Purposes: INR 9,320.25 Lakhs for general corporate needs.
Monitoring Agency Findings
The Monitoring Agency’s report provides an objective overview of the issue’s proceeds utilization relative to its objectives. The India Ratings & Research Private Limited report confirms adherence to regulatory guidelines and initially stated intentions.
Specifics on Issue Expenses
The details of issue expenses are also given in the report. It states the total issue expenses were estimated at INR 919.99 Lakhs. Surplus funds were utilized towards General Corporate Purposes.
Source: BSE
