Ganesha Ecosphere Limited has announced that its Audit Committee and Board of Directors have reviewed the Monitoring Agency Report for the quarter ended March 31, 2026. The report, issued by ICRA Limited, focuses on the utilization of proceeds from the company’s recent preferential issue. The Board has formally taken the report on record with ‘no comments’, confirming the standard review process for capital allocation.
Review of Utilization of Funds
Following the conclusion of the fourth quarter, Ganesha Ecosphere Limited has completed its governance oversight regarding capital raised through its preferential issue. The Monitoring Agency Report, prepared by ICRA Limited, serves as a transparent assessment of how these funds are being deployed by the company.
Board and Audit Committee Approval
On May 21, 2026, both the Audit Committee and the Board of Directors convened to evaluate the findings presented in the report. The leadership team officially confirmed that they have taken the document on record with ‘no comments’. This formal action ensures compliance with internal oversight standards and maintains transparency for stakeholders regarding the deployment of preferential issue proceeds for the quarter ending March 31, 2026.
Source: BSE
