Aditya Birla Fashion and Retail Limited has published its Monitoring Agency Reports for the quarter ended March 31, 2026. Both Axis Bank Limited and ICRA Limited have confirmed that there is no deviation or variation in the utilization of proceeds from the company’s previous Rights Issue and Preferential Issue, respectively. The company continues to deploy funds in line with the objectives specified in its offer documents.
Financial Utilization Overview
Following a review of the utilization of funds, independent monitoring agencies have verified that Aditya Birla Fashion and Retail Limited is operating strictly in accordance with its stated objectives. For the quarter ending March 31, 2026, no material deviations were observed regarding the deployment of capital raised through equity issuance.
Rights Issue Progress
The monitoring report from Axis Bank Limited confirms that the proceeds from the Rs. 995.12 crore Rights Issue have been largely utilized. As of the end of the quarter, the company has completed the repayment of borrowings totaling Rs. 745.00 crore and allocated Rs. 242.51 crore toward general corporate purposes, with a remaining balance of Rs. 0.08 crore held in the monitoring account.
Preferential Issue Allocation
ICRA Limited, acting as the monitoring agency for the company’s Rs. 2,378.75 crore Preferential Issue, has reported significant progress in fund deployment. The key allocations include:
- Repayment of borrowings: Rs. 1,015.42 crore utilized out of the Rs. 1,185.00 crore allocation.
- Capex and Opex for growth businesses: Rs. 203.58 crore utilized out of Rs. 600.00 crore.
- General corporate purposes: The full Rs. 593.75 crore has been successfully utilized for working capital requirements across fiscal quarters.
The company maintains its commitment to transparency, ensuring that all remaining proceeds are invested in secure, interest-bearing instruments until deployment for identified business growth segments.
Source: BSE
