Ganesha Ecosphere Limited has confirmed the successful and complete utilization of funds raised through its INR 149.97 crore preferential issue of warrants. The capital, aimed at supporting recycled polyester staple fiber production, debt repayment, and general corporate purposes, has been fully deployed as of the quarter ended March 31, 2026. An independent monitoring agency report indicates no deviations from the company’s stated objects, affirming full compliance with its expansion and financial goals.
Financial Deployment Overview
Ganesha Ecosphere Limited has announced the successful completion of the utilization of proceeds raised from its preferential issue of 14,49,000 warrants. The total funds raised amounted to INR 149.97 crore. As of the quarter ending March 31, 2026, the company has fully deployed the entire capital across its defined strategic objectives.
Strategic Allocation of Funds
The company allocated the funds to three primary areas to bolster its operational and financial stability:
- Plant and Machinery (INR 82.50 crore): Funds were fully utilized to acquire plant and machinery for the manufacturing of Rpet Resin/Granules and Rpet Filament Yarn, supporting production capabilities across the company and its subsidiaries.
- Debt Repayment (INR 37.50 crore): The company successfully applied these proceeds toward the partial or full repayment of existing borrowings utilized for working capital requirements.
- General Corporate Purposes (INR 29.97 crore): These funds were deployed to meet ongoing working capital and capital expenditure requirements throughout FY25 and FY26.
Operational Compliance
A monitoring report conducted by ICRA Limited confirms that there have been no deviations in the utilization of the issue proceeds compared to the objects specified in the offer document. The project implementation is officially marked as completed as of March 31, 2026. There are currently no unutilized funds remaining from this issuance, and no unfavorable events have been reported that would impact the viability of the projects supported by this capital infusion.
Source: BSE
