Minolta Finance Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by Acuite Ratings and Research Limited, confirms that there are no deviations observed in the utilization of funds raised from the recent issue. All fund utilization is in line with the disclosures made in the offer document, and no material changes or issues were identified during the monitoring period.
Minolta Finance Submits Monitoring Agency Report
Minolta Finance Limited has formally submitted its Monitoring Agency Report, covering the quarter that concluded on September 30, 2026. This report, prepared by Acuite Ratings and Research Limited, is a crucial disclosure regarding the use of funds raised by the company.
Key Findings: No Deviations
A significant highlight of the report is the confirmation that the utilization of the issue proceeds is entirely in accordance with the disclosures provided in the Offer Document. The Monitoring Agency, Acuite Ratings and Research Limited, has explicitly stated that no material deviation has been observed in the deployment of funds. Furthermore, the report indicates that no change has occurred in the means of finance for the disclosed objects of the issue. This is the first and final monitoring report for this particular issue, as no other monitoring agency has been appointed.
Information Availability
In line with regulatory requirements and corporate transparency, Minolta Finance Limited has also made this information available on its official website at https://www.minoltafinance.co.in/.
Details of the Issue
The report details that the issue was a Rights Issue of Equity Shares, with an issue period from July 30, 2026, to August 17, 2026. The total issue size amounted to INR 48.00 crore. The primary objects of the issue were augmenting the capital base of the Company (INR 46.50 crore) and covering Issue Expenses (INR 1.50 crore). The monitoring agency has confirmed that the utilization of funds for both these objects is proceeding as planned, with no unutilized funds remaining at the end of the quarter.
No Unfavorable Events
The report also addresses potential influencing factors, noting that there are no favorable or unfavorable events observed that may significantly impact the viability of the objects. Additionally, no other relevant information that could materially affect investor decision-making has been highlighted.
Source: BSE
