Allcargo Logistics has released its Monitoring Agency Report for the quarter ended December 31, 2025. The report, issued by ICRA Limited, confirms that the utilization of funds raised through Qualified Institutions Placement is in line with the stated objectives. The net proceeds from the issue were INR 161.12 Crore. As of the quarter’s end, the total unutilized amount stands at INR 60.62 Crore.
Q3 2026 Monitoring Report
Allcargo Logistics has announced the findings of its Monitoring Agency Report for the quarter ending December 31, 2025 (Q3 FY26). ICRA Limited, the monitoring agency, has confirmed that the utilization of issuance proceeds aligns with the objects of the issue.
Issue Details
The Qualified Institutions Placement (QIP) issue opened on June 24, 2024, and closed on June 27, 2024. The issue size was INR 169.28 Crore, with net proceeds amounting to INR 161.12 Crore, excluding issue-related expenses.
Use of Proceeds
The proceeds were allocated to the following:
- Investment in Material Subsidiary for repayment/pre-payment: INR 100.00 Crore
- Investment in Material Subsidiary for building new/upgradation of Operating Units: INR 20.00 Crore
- Investment in Material Subsidiary for funding the development of proprietary technology: INR 27.80 Crore
- General Corporate Purpose: INR 13.32 Crore
Unutilized Proceeds
As of December 31, 2025, the total unutilized amount is INR 60.62 Crore. These funds are primarily held in fixed deposits with ICICI Bank and IndusInd Bank, earning interest at rates ranging from 3.50% to 6.25%.
General Corporate Expenses
A total of INR 0.50 Crore has been utilized for general corporate purposes, including vehicle painting expenses (INR 0.44 Crore) and professional services (INR 0.06 Crore).
Source: BSE
