Poonawalla Fincorp has released its monitoring agency report for the preferential issue for the quarter ended September 30, 2025 (Q2 FY26). The report, issued by CARE Ratings Limited, confirms that the proceeds from the ₹1,499.98 crore preferential issue are being utilized as per the disclosed objectives, primarily for repaying borrowings and AUM growth. There were no deviations from the planned utilization.
Preferential Issue Proceeds Utilized
Poonawalla Fincorp announced the monitoring agency’s report on the utilization of funds raised through a preferential issue. The preferential issue amounted to ₹1,499.98 crore. CARE Ratings Limited served as the monitoring agency. The report covers the period ending September 30, 2025 (Q2 FY26).
Key Areas of Fund Allocation
The proceeds from the preferential issue were primarily allocated to the following key areas:
- Repaying/Prepaying Borrowings: A significant portion (₹1,259.98 crore) was allocated to repay existing borrowings, including interest.
- AUM Growth and Lending: ₹230 crore was utilized for AUM (Assets Under Management) growth and lending activities, in compliance with applicable regulations for NBFCs.
- General Corporate Purpose: ₹10 crore was allocated for general corporate purposes.
Compliance and Observations
The monitoring agency, CARE Ratings Limited, confirmed that the utilization of funds is in accordance with the objectives outlined in the offer document. There were no material deviations observed during the quarter. All government and statutory approvals related to the objectives have been obtained. The company has confirmed all arrangements pertaining to technical assistance or collaboration are in operation. No unfavorable events affecting the viability of the objects were noted.
General Corporate Purpose Details
The ₹10 crore allocated for general corporate purposes was transferred into a company account in two tranches. There were transactions amounting to ₹7.00 crore (on September 19, 2025) and ₹3.00 crore (on September 22, 2025).
Source: BSE