Optiemus Infracom Limited has submitted the Final Monitoring Agency Report, prepared by ICRA Limited, covering the utilization of proceeds from its Preferential Issue of equity shares and convertible warrants for the quarter ended December 31, 2025. The report confirmed that utilization was in line with shareholder-approved objects, noting a reduction in the total issue size from the initial INR 434.407 Crore to INR 296.368 Crore due to under-subscription. As of the quarter end, the total utilized amount stood at INR 201.119 Crore, with INR 95.249 Crore remaining unutilized.
Monitoring Agency Report Submission
Optiemus Infracom Limited has officially filed the Monitoring Agency Report for the quarter ending December 31, 2025, as mandated by regulatory requirements concerning the utilization of funds raised through a Preferential Issue of equity shares and fully convertible warrants. The report was reviewed and taken on record by the Audit Committee and the Board of Directors on February 13, 2026.
Issue Size and Proceeds Recap
The original proposed Issue Size was INR 434.407 Crore. This was subsequently reduced to INR 296.368 Crore following shareholder approval due to the under-subscription of warrants and equity during the subscription period which ran from January 25, 2025, to February 07, 2025. The Net Proceeds monitored by ICRA for the quarter amounted to INR 201.389 Crore, reflecting part payment against warrants and full payment for equity received.
Utilization Status Summary (Q3 FY2026)
The Monitoring Agency confirmed that overall utilization aligns with disclosures, although the issue size reduction necessitated proportional adjustments to the allocated amounts for each object. Total utilization across all objects by the end of the quarter reached INR 201.119 Crore against a revised allocation of INR 296.368 Crore, leaving an unutilized amount of INR 95.249 Crore.
Key Utilization Details:
- Investment in Subsidiaries (Objects 1, 2, 3, 4): Funds allocated for subscribing to equity in subsidiaries like Optiemus Electronics Limited, GDN Enterprises Private Limited, Optiemus Unmanned Systems Private Limited, and Bharat Innovative Glass Technology Private Limited were utilized as planned, totaling approximately INR 158.480 Crore utilized out of their combined revised allocations.
- Working Capital & General Corporate Purposes (Objects 5 & 6): For the company’s own working capital requirements and general corporate purposes, INR 66.134 Crore was utilized out of a combined revised allocation of INR 140.007 Crore.
Deployment of Unutilized Proceeds
The unutilized balance as of December 31, 2025, primarily includes funds received as part payment for warrants. The total unutilized amount stood at INR 95.249 Crore. The report notes that INR 0.271 Crore of this balance was held in the private placement subscription account.
Implementation Timeline Compliance
The monitoring report confirmed that the implementation schedules for all objects remain On Schedule. The stipulated completion dates for capital expenditure projects (Objects 1 through 4) are set for on or before March 31, 2027, while working capital and general corporate purposes are scheduled for completion by December 31, 2026. No material delays were observed during the quarter.
Source: BSE
