Optiemus Infracom Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, prepared by ICRA Limited, details the utilization of proceeds from a preferential issue of equity shares and fully convertible warrants. The company confirms no material deviation from the objects of the issue, with fund deployment aligning with shareholder-approved changes. All statutory approvals are in place, and projects are on schedule.
Monitoring Agency Report Filed for Preferential Issue
Optiemus Infracom Limited has officially submitted its Monitoring Agency Report for the quarter ending June 30, 2026. This report, prepared by ICRA Limited, provides an objective view of how the proceeds from the company’s preferential issue of equity shares and fully convertible warrants have been utilized.
Key Findings on Fund Utilization
The report indicates no material deviation from the stated objects of the issue in the offer document. The utilization of funds aligns with changes in deployment approved by shareholders. The company has secured all necessary government and statutory approvals required for the objectives outlined.
Specifically, the initial issue size of INR 434.407 Crore was revised to INR 296.368 Crore due to undersubscription. As of June 30, 2026, proceeds credited to the Net Proceeds account stood at INR 216.857 Crore. A significant portion of these funds has been allocated towards subscribing to equity shares of subsidiaries like Optiemus Electronics Limited, GDN Enterprises Private Limited, Optiemus Unmanned Systems Private Limited, and Bharat Innovative Glass Technology Private Limited, for capital expenditure and working capital requirements.
Project Status and Timelines
All projects related to the utilization of these proceeds are reported as On Schedule for completion. The original completion date for most objectives was on or before March 31, 2027. There are no delays reported in the implementation of the identified objects.
General Corporate Purpose Utilization
The report also details the utilization of funds for General Corporate Purposes, amounting to INR 26.724 Crore. This includes payments for Income Tax and GST in various financial quarters, as well as payments to vendors.
The Audit Committee and the Board of Directors of Optiemus Infracom Limited have reviewed and taken this report on record. The report is also available on the company’s website at www.optiemus.com.
Source: BSE
