Allcargo Logistics Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by ICRA Limited, details the utilization of proceeds from the Qualified Institutions Placement (QIP). Key findings indicate that while some allocations were redirected to General Corporate Purposes, these deviations were approved by the company’s Board of Directors.
Allcargo Logistics Monitors QIP Proceeds
Allcargo Logistics Limited has officially released its Monitoring Agency Report for the financial quarter ending September 30, 2026. This report, prepared by ICRA Limited, provides an independent assessment of how funds raised through the company’s Qualified Institutions Placement (QIP) have been utilized.
Key Findings and Utilisation
The report indicates that INR 20.00 crore initially allocated for ‘Investment in Material Subsidiary for building new / upgradation of Operating Units’ and INR 27.80 crore for ‘Investment in Material Subsidiary for funding the development of our proprietary technology’ have been redirected towards General Corporate Purposes. These modifications in the allocation of proceeds were explicitly approved by the Board of Directors on February 5, 2026, following a meeting held via video conferencing.
Status of Objects and Investments
As per the report, the total Net Proceeds from the QIP amounted to INR 161.12 Crore. The report details the utilization against various objects, including investment in subsidiaries for repayment of borrowings and funding proprietary technology development, alongside the General Corporate Purposes allocation. The total utilization reported as at the end of the quarter was INR 161.12 Crore, with no unutilized proceeds remaining.
Confirmation and Compliance
ICRA Limited, in its declaration, confirms that the report provides an objective view of the utilization of issue proceeds based on information provided by the Issuer and believed to be accurate. The report also states that shareholder approval for material deviations from expenditures disclosed in the Offer Document has been obtained, specifically referencing the Board resolution dated February 5, 2026.
Source: BSE
