Minda Corporation Limited has released its Monitoring Agency Report for the quarter ended March 31, 2026. The report confirms that the proceeds raised from the issuance of share warrants on a preferential basis have been utilized in full compliance with the company’s stated objectives. With INR 105.19 crore already raised and fully deployed toward debt repayment, the company maintains a clear financial trajectory with no deviations noted during the quarter.
Financial Utilization Overview
The monitoring agency, Acuite Ratings and Research Limited, has verified the utilization of funds raised through the company’s preferential share warrant issue. The total size of the warrant issue was INR 420.75 crore. By the end of the quarter ended March 31, 2026, the company had received INR 105.19 crore, representing 25% of the total warrant issue price of INR 550 per warrant.
Debt Repayment Status
The entire proceeds of INR 105.19 crore received up to June 2025 have been fully utilized for the purpose of debt repayment. According to the report, no additional warrant subscriptions were received during the fourth quarter of the 2025-26 financial year. The independent audit confirms that there has been no change in the planned deployment of these funds.
Operational Integrity
The oversight process confirms that no material deviations have been observed in how the funds were managed. The company has adhered to its disclosure documents, and there are no unfavorable events affecting the viability of the specified objects. The board remains committed to maintaining transparency regarding the financial proceeds as the company continues its operational and debt management strategy.
Source: BSE
