AWL Agri Business (formerly Adani Wilmar Limited) has released its Monitoring Agency Report for the quarter ended September 30, 2025. The report, issued by HDFC Bank Limited, assesses the utilization of proceeds from the company’s IPO. The company confirms adherence to the planned allocation of funds and provides detailed breakdowns of expenditure across various objectives, including capital expenditure and strategic acquisitions. An extension for the strategic acquisition deployment till September 30, 2025, has been approved.
IPO Proceeds Utilization – Q2 2026
AWL Agri Business has published a report concerning the deployment of funds raised through its Initial Public Offering (IPO). The report details how the funds were allocated across key objectives as of September 30, 2025 (Q2, Indian Financial Year).
Key Highlights of Fund Allocation
Capital Expenditure:
An amount of ₹19,000 million was allocated for capital expenditure, with the full amount utilized as of the end of the quarter.
Repayment of Borrowings:
₹10,589 million was earmarked for repaying borrowings, and this amount has also been fully utilized.
Strategic Acquisition:
The company planned to use ₹4,500 million for strategic acquisitions. This remains unchanged during the quarter, and as of Q2 2026, this allocation remained ₹4,500 million.
General Corporate Purpose:
An initial ₹625.80 million was allocated which was revised to ₹971.18 million after finalization of IPO issue expenses. The full revised amount has been utilized.
Extension for Strategic Acquisitions
Originally, the company aimed to complete strategic acquisitions by fiscal year 2024. However, due to some reasons, the company has extended the deployment of unutilized amounts earmarked for strategic acquisitions to September 30, 2025. The board of directors approved this extension via circular resolution dated March 29, 2025.
Source: BSE