Adani Enterprises has released its Monitoring Agency Report for the quarter ending December 31, 2025, concerning the funds raised through its rights issue of equity shares. The report, prepared by CARE Ratings Limited, indicates that the funds are being utilized as per the disclosures in the offer document. During Q3FY26, the company received ₹12,465.15 crore and utilized ₹8,097.56 crore.
Rights Issue Fund Utilization
Adani Enterprises’ Monitoring Agency Report for the quarter ended December 31, 2025, confirms the appropriate utilization of funds raised through the rights issue of 13,85,01,687 equity shares, aggregating to ₹24,930.30 crore.
Key Highlights from the Report
Here’s a summary of the key points from the monitoring report:
- During Q3FY26, Adani Enterprises received ₹12,465.15 crore and utilized ₹8,097.56 crore.
- The funds were utilized as per the objects outlined in the offer document.
- ₹5,034.38 crore was used for repayment/pre-payment of borrowings.
- ₹3,045.18 crore was allocated to general corporate purposes.
- ₹18.00 crore was spent on issue-related expenses.
- Investments/loans towards subsidiaries/JVs amounted to ₹2,166.18 crore.
- Working capital requirements were met with ₹879.00 crore.
Unutilized Proceeds
As of the end of the quarter, the unutilized amount stood at ₹4,367.59 crore. These funds are held in the following instruments:
- Balance in Monitoring Account: ₹383.46 crore
- Fixed Deposits with Axis Bank: ₹3,000.00 crore
- Fixed Deposits with Yes Bank: ₹500.00 crore
- Fixed Deposits with IBL Bank: ₹500.00 crore
Planned Utilization
The remaining funds are earmarked for ongoing projects and general corporate purposes, with expected utilization in Fiscal 2026 and Fiscal 2027. According to the report, the company’s board has confirmed that there are no deviations in the fund utilization and that all expenditures align with the original offer document.
Source: BSE
