Skipper Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, confirming the utilization of funds raised through its preferential issue. The report, prepared by India Ratings & Research, indicates no deviation from the stated objects. The company has successfully utilized the entire proceeds as per the offer document’s disclosures.
Monitoring Agency Report Submitted for Q2 FY27
Skipper Limited has officially submitted its Monitoring Agency (MA) Report concerning the utilization of proceeds from its preferential issue. The report covers the financial quarter ending September 30, 2026, and has been prepared by India Ratings & Research Private Limited, the appointed monitoring agency.
No Deviation from Utilisation Objects
The MA Report confirms that Skipper Limited has demonstrated no deviation from the objects for which the preferential issue funds were raised. This conclusion is based on the management’s undertaking and a certificate from the statutory auditor, M/s. J K VS & CO, Chartered Accountants. The company has fully utilized the funds allocated for both the repayment of working capital loans and for general corporate purposes, as detailed in the offer document.
Key Financial Disclosures
The report details the cost of the objects, with ₹3,27,49,98,940 allocated for the repayment of working capital demand loans and cash credit facilities. An amount of ₹1,06,00,00,000 was earmarked for general corporate purposes. The total utilization for the quarter matches the proposed amounts, indicating complete deployment of the funds within the specified timeline. No delays were observed in the implementation of the objects, with all activities completed as per the offer document’s schedule.
Declaration on Objective View
India Ratings & Research has declared that the report provides an objective view of the utilization of issue proceeds, based on information supplied by Skipper Limited and other reliable sources. The agency has not performed an audit or independent verification of the information provided, relying on the company’s management and statutory auditor’s disclosures.
Source: BSE
