Monitoring agency report
CARE Ratings Monitoring Report — Preferential Issue Utilization (qtr ended Mar 31, 2026)
Monitoring Agency report by CARE Ratings on utilization of Rs.250.11 crore preferential issue proceeds: no change in objects, but funds were routed through multiple accounts causing commingling, utilization delayed (timeline extended to Jun 14, 2026) and unutilized balance of ₹1.02 crore as of Mar 31, 2026.



