Vertex Securities Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, prepared by Brickwork Ratings India Private Limited. The report, filed as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirms that the utilization of funds raised through the ₹14.80 crore Rights Issue aligns with the disclosed objectives. No material deviations were observed in the utilization of proceeds.
Monitoring Agency Report Filed for Rights Issue Proceeds
Vertex Securities Limited has formally submitted the Monitoring Agency Report for the quarter ending September 30, 2026. This report, prepared by Brickwork Ratings India Private Limited, scrutinizes the utilization of funds raised via the company’s Rights Issue. The filing, mandated by SEBI regulations, aims to ensure transparency and adherence to the stated objects of the issue.
Key Findings from the Report
The report indicates that the utilization of the Rights Issue proceeds has been in accordance with the disclosures made in the Offer Document. Specifically, the total issue size was ₹14.80 crore. As of September 30, 2026, the total unutilized amount for all objects stood at ₹10.70 crore, with specific allocations detailed for various purposes.
Utilization Breakdown
The breakdown of utilized funds for the quarter ending September 30, 2026, shows:
- Issue Related Expense: ₹0.00 utilized.
- Augmenting Working Capital Requirements: ₹3.60 crore utilized (₹3.69 crore at the beginning of the quarter, ₹0.00 during the quarter).
- General Corporate Purposes: ₹0.10 utilized (₹0.10 crore at the beginning of the quarter, ₹0.00 during the quarter).
The report confirms that during the quarter ended September 2026, the utilization of Rights Issue proceeds was nil, as previously received amounts had been fully utilized in earlier periods. The company had received ₹3.70 crore against the Rights Issue, which was fully utilized during the June 2026 quarter.
No Deviations Noted
A key aspect of the Monitoring Agency Report is the assessment of deviations from the original objects. In this instance, the report explicitly states that there were no deviations from the objects as per the Offer Document, and shareholder approval was not required for any material changes. Furthermore, all government/statutory approvals related to the objects have been obtained, and no unfavorable events affecting the viability of the objects have been observed.
Company’s Website Update
Vertex Securities Limited has also informed that this intimation has been uploaded on the company’s official website, www.vertexbroking.com, for public access.
Source: BSE
