Welspun Enterprises has submitted a monitoring agency report for the quarter ending December 31, 2025. The report, issued by CRISIL Ratings Limited, focuses on the utilization of proceeds from a preferential issue of convertible warrants. According to the report, there was no utilization of funds during this period. The report has been reviewed by the Audit Committee and Board of Directors on February 4, 2026.
Monitoring Agency Report Submission
Welspun Enterprises announced the submission of its Monitoring Agency Report for the quarter ended December 31, 2025. This report, prepared by CRISIL Ratings Limited, monitors the use of funds raised through a preferential issue of convertible warrants. The company officially submitted the report on February 4, 2026.
Key Highlights from the Report
The CRISIL Ratings report states that there was no utilization of issue proceeds during the quarter. The unutilized proceeds are currently parked in mutual funds, aligning with the disclosures previously provided in the Notice to Shareholders. The report also confirms that there were no material deviations or changes to the means of finance for the disclosed objects of the issue. According to the company, the issue size is Rs 1,000.00 crore.
Projected Utilization
According to the document, out of the issue proceeds of Rs 1,000.00 crore, Rs 750.00 crore is yet to be received from the warrant holders. As per the notice to shareholders dated October 15, 2025, and Corrigendum dated October 29, 2025, the warrant holders have the option to convert the warrants into equity shares within 18 months from the date of allotment of the convertible warrants. The funds are primarily intended for the infusion of funds for Construction of 6-Lane Partially Elevated Highway.
Unutilized Funds Deployment
As of December 31, 2025, the unutilized funds totaling Rs 250.00 crore were deployed in various instruments, including:
- Invesco India Liquid Mutual Fund: Rs 50.00 crore
- Nippon India Ultra Short Duration Mutual Fund: Rs 50.00 crore
- Union Corporate Bond Mutual Fund: Rs 50.00 crore
- JioBlackRock Overnight Mutual Fund: Rs 50.00 crore
- DSP Overnight Mutual Fund: Rs 50.00 crore
Source: BSE
