Honasa Consumer has released the Monitoring Agency Report by ICRA Limited for the quarter ending September 30, 2025. The report confirms that the utilization of issue proceeds aligns with the company’s stated objectives. The monitoring agency, ICRA, has provided an objective assessment based on provided information and believes the data to be reliable, with no deviations noted.
Issue Proceeds Utilization
The Monitoring Agency Report confirms that the utilization of the issuance proceeds is in line with the objects of the issue. There is no deviation from the intended purposes. The report, issued by ICRA Limited, covers the quarter ended September 30, 2025.
Details of Funds Allocation
As of the reporting period, the following allocations and utilizations have been observed:
Advertisement Expenses
An initial allocation of ₹182.00 Crore was made, with ₹132.535 Crore utilized. There are no comments by the monitoring agency regarding this expenditure.
Capital Expenditure for New EBOs
An initial allocation of ₹20.6000 Crore was specified. ₹7.817 Crore has been utilized. Again, there are no comments by the monitoring agency.
Investment in Subsidiary (BBlunt)
₹26.000 Crore was initially allocated for investment in the subsidiary, BBlunt. ₹6.385 Crore has been utilized.
General Corporate Purposes
A sum of ₹121.892 Crore was earmarked for general corporate purposes and unidentified inorganic acquisition, with ₹90.743 Crore utilized. Details for the same is mentioned below.
Deployment of Unutilized Proceeds
The unutilized funds have been deployed in fixed deposits with HDFC Bank, Unity Small Finance Bank, and Yes Bank. A total amount of ₹113.019 Crore was deployed in fixed deposits.
General Corporate Spend Details
₹90.743 Crore was spent on payments for the purchase of traded goods and/or services. Breakup is as follows:
- ₹4.213 Crore for purchase of goods and services.
- ₹13.760 Crore for Q3FY2025.
- ₹19.469 Crore for Q4FY2025.
- ₹14.397 Crore for Q1FY2026.
- ₹38.904 Crore for Q2FY2026.
Source: BSE
