Lloyds Enterprises Limited submitted the Monitoring Agency Report for the quarter ended December 31, 2025, confirming appropriate utilization of funds raised via its Rights Issue, which closed in September 2025. The report, prepared by India Ratings & Research Private Limited, confirmed no deviation from the objects outlined in the offer document. Total utilization across all objects reached ₹27,609.56 Lakhs against funds received of ₹49,612.94 Lakhs.
Monitoring Report Submission for Rights Issue Funds
Lloyds Enterprises Limited announced the submission of its Monitoring Agency (MA) Report for the quarter ending 31st December 2025. This filing complies with regulations governing the utilization of proceeds from the recent Rights Issue of equity shares, which was launched via a Letter of Offer dated 11th August 2025. The report, issued by India Ratings & Research Private Limited, has been reviewed and approved by the Audit Committee and the Board of Directors.
Compliance and Utilization Status
The Monitoring Agency confirmed no deviation from the stated objects of the issue, based on management undertakings and the Statutory Auditor’s certificate dated 06th February 2026.
Key Financial Snapshot (for the quarter ended 31st December 2025)
- Total Amount Raised on Application: INR 49,612.94 Lakhs (out of a total issue size of INR 99,225.88 Lakhs).
- Total Amount Utilized during the Quarter: INR 4,083.57 Lakhs.
- Total Cumulative Amount Utilized to Date: INR 27,609.56 Lakhs.
- Total Unutilized Amount: INR 22,003.38 Lakhs.
Object-Wise Progress Analysis
Subscription to NCDs (Total Proposed: INR 70,000.00 Lakhs)
For the subscription to secured Non-Convertible Debentures (NCDs) in subsidiary Lloyds Realty Developers Limited (LRDL), cumulative utilization reached INR 13,823.18 Lakhs by the end of the quarter. The unutilized amount earmarked for this purpose stood at INR 22,003.38 Lakhs. Note 1 clarifies that the utilization by the subsidiary LRDL focused heavily on funding real estate projects and repaying inter-corporate deposits.
General Corporate Purpose (Total Proposed: INR 24,750.00 Lakhs)
Utilization towards General Corporate Purposes for the quarter was Nil, with the cumulative utilization remaining at INR 9,990.00 Lakhs. The MA noted No Comments on this segment, and the Board proposed No Course of Action.
Issue Related Expenses (Total Proposed: INR 4,475.88 Lakhs)
Cumulative utilization for Issue Related Expenses was INR 3,796.38 Lakhs. Note 3 specifies that INR 169.02 Lakhs of these expenses were reimbursed internally, impacting the net utilization figures.
Deployment of Unutilized Proceeds
The unutilized balance of INR 22,055.29 Lakhs (Grand Total a+b) has been deployed into short-term instruments:
- INR 849.97 Lakhs was held in Fixed Deposits (FDs) with HDFC, earning returns between 4.75% and 5.25% annualized.
- The primary balance, INR 21,205.32 Lakhs, is currently listed as a Balance Laying with LRDL (b).
Implementation Timelines
For the NCD subscription object, the actual completion date for the portion related to Fiscal 2026 utilization is recorded as 18 months late (referencing Note 1). However, the Board noted No Reason for Delay and proposed No Course of Action, suggesting the delay is managed within revised project timelines.
Source: BSE
