Reliance Infrastructure Limited has published the Monitoring Agency Report for the quarter ended March 31, 2026, regarding its preferential issue of warrants. The report confirms that there have been no deviations from the objects of the issue and no utilization of funds occurred during the reporting period. The total issue size of ₹3,014.40 crore remains subject to the company’s long-term business expansion and operational goals.
Issue Overview and Utilization Status
As of the quarter ended March 31, 2026, Reliance Infrastructure Limited reported no utilization of proceeds from its preferential issue of convertible warrants. The total proceeds initially proposed for this capital raise amounted to ₹3,014.40 crore. While funds were raised in previous periods, there was no financial activity or expenditure related to these specific proceeds during the latest quarter.
Breakdown of Objects
The capital raised through the preferential issue is earmarked for two primary objectives:
- Expansion of Business Operations: Targeted for direct investment or support for subsidiaries, special purpose vehicles, and joint ventures, with an original allocation of ₹2,260.80 crore.
- General Corporate Purposes: Allocated ₹753.60 crore to support operational expenses and financial health.
The company maintains its commitment to these objectives, and currently, there have been no material deviations from the planned expenditures disclosed in the original offer document. All processes remain in line with the projected timelines for business growth.
Significant Updates
The monitoring agency noted that the outstanding warrants associated with this issue lapsed on April 24, 2026, and April 29, 2026. The company has fulfilled its requirements by making the necessary disclosures regarding these lapses to the stock exchanges. Furthermore, auditors have verified that no unutilized proceeds remain in the escrow or routing accounts, as the company had previously utilized funds received up to September 30, 2025.
Source: BSE
