Walchandnagar Industries Limited has submitted its Monitoring Agency Report for the quarter ended December 31, 2025. The report, dated January 29, 2026, was issued by ICRA Limited and reviewed by the company's Audit Committee on the same day. ICRA Limited confirmed that there has been no deviation or variation in the use of proceeds raised through a Preferential Issue from the objects stated in the "Letter of Offer." The company had raised ₹247.59 crore through the issuance of 2,17,18,023 warrants at ₹114 each. The net proceeds available for utilization were ₹216.00 crore. The utilization of funds included ₹45.00 crore for repayment of Term Loan/Working Capital facility, ₹84.00 crore for Capital Expenditure (Plant & Equipment, Building Shades, Furniture & Fixtures, Computers and Office Equipment), ₹67.00 crore for Working Capital, and ₹20.00 crore for General Corporate Purposes. As of December 31, 2025, a total of ₹177.67 crore had been utilized, with ₹26.85 crore remaining unutilized. The company's board had previously passed a resolution on October 17, 2024, to approve alterations in the objects for the utilization of funds, reallocating proceeds from Capital Expenditure to loan repayment and working capital, which was deemed in line with the approved objects by ICRA.
