Vodafone Idea Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Acuité Ratings and Research Limited, confirms that there has been no deviation in the utilization of proceeds from the preferential issue of convertible warrants. The Audit Committee has reviewed the report, and the Board of Directors has taken it on record, providing transparency on fund usage.
Vodafone Idea Submits Monitoring Agency Report
Vodafone Idea Limited has officially released its Monitoring Agency Report for the financial quarter concluding on June 30, 2026. This report, prepared by Acuité Ratings and Research Limited, provides an overview of the utilization of funds raised through a preferential issue of convertible warrants.
Key Findings: No Deviation in Fund Usage
A critical aspect of the report highlights that there has been no deviation observed in the application of the proceeds from the issue, aligning with the original objects outlined in the offer document. The report confirms that the issuer has not utilized any amount towards any object during the reporting period, indicating a meticulous approach to fund management. The total amount raised was ₹1,182.50 Crore, representing 25% of the total issue size.
Corporate Governance and Transparency
The report has undergone thorough review by the company’s Audit Committee and has been formally taken on record by the Board of Directors. This process underscores Vodafone Idea’s commitment to corporate governance and transparency in its financial dealings. The company has also made this information available on its official website, www.myvi.in, ensuring accessibility for all stakeholders.
Details of Fund Utilization
The funds were raised via a preferential issue of warrants convertible into equity shares, with an issue size of ₹4,730.00 Crore. The initial capital expenditure for network infrastructure expansion was planned at ₹1,730.00 Crore, and the repayment of loans availed for capital expenditure was planned at ₹3,000.00 Crore. As of the end of the quarter, the total amount invested was ₹1,182.50 Crore, with the remaining balance held in a fixed deposit with the State Bank of India, maturing on July 07, 2026.
Source: BSE
