Vodafone Idea Limited has submitted its Monitoring Agency Report for the quarter ended 30 September 2026. The report, issued by Acuité Ratings and Research Limited, confirms that the utilization of proceeds from the preferential issue of convertible warrants aligns with the disclosures made in the offer document. No deviations were observed in the utilization of funds.
Monitoring Agency Report Filed
Vodafone Idea Limited has formally submitted its Monitoring Agency Report to the National Stock Exchange of India Limited and BSE Limited for the quarter concluding on 30 September 2026. This report, prepared by Acuité Ratings and Research Limited, details the utilization of funds raised through a preferential issue of convertible warrants.
Key Findings on Fund Utilization
According to the report, the utilization of the raised proceeds by Vodafone Idea Limited is in accordance with the disclosures made in the offer document. The Monitoring Agency confirmed that there have been no deviations from the stated objects for the utilization of these funds. Furthermore, no material deviations or changes in the means of finance were observed. All necessary government and statutory approvals related to the project objectives have been obtained, and arrangements pertaining to technical assistance and collaboration are operational.
Report Considered by Management
The Monitoring Agency Report was reviewed and considered by the Audit Committee and the Board of Directors of Vodafone Idea Limited on 12 November 2026. The company has also made this information available on its official website.
Financial Snapshot
The preferential issue period was from 16 June 2026 to 26 June 2026, with a total issue size of INR 4,730.00 crore. The amount raised was INR 1,182.50 crore, representing 25.00% of the issue size. The remaining 75% (INR 3,547.50 crore) is receivable upon exercise of the warrant conversion option by December 2027.
The primary objects of the issue included capital expenditure for network expansion (original cost INR 1,730.00 crore) and repayment of loans availed for capital expenditure for network expansion (original cost INR 3,000.00 crore). As of the end of the quarter, a total of INR 1,115.20 crore was utilized towards these objects. An unutilized amount of INR 67.30 crore remains, which is available in a State Bank of India current account.
Source: BSE
