Monitoring agency flags no deviation in use of Rights Issue proceeds
BYLD Capital Finance Ltd has shared its Third Monitoring Agency Report for the quarter ended September 30, 2026, prepared by Brickwork Ratings India Private Limited.
By ScoutQuest · · 2 min read
- Funds Raised via Rights Issue
- Rs.10.00 Crore
- Issue Size / Amount Received
- 10.00 (₹ Crore) / 10.00 (₹ Crore)
- Issue Period
- January 9, 2026 to January 19, 2026
BYLD Capital Finance Limited, formerly Avasara Finance Limited, has submitted its Third Monitoring Agency Report for the quarter ended September 30, 2026. The report has been prepared by Brickwork Ratings India Private Limited, the monitoring agency appointed for the company's Rights Issue of equity shares.
What the monitoring agency reports
- The report covers utilisation of the proceeds of the Rights Issue and is prepared as per Schedule XI of the SEBI ICDR Regulations, 2018.
- On deviation from the objects of the issue, the report states: No.
- Range of deviation: Not Applicable.
- The agency declares it has no direct or indirect interest in, or relationship with, the issuer, its promoters, directors or management, and perceives no conflict of interest.
- The agency also states that it does not perform an audit and undertakes no independent verification of the information or certifications it receives.
The Rights Issue numbers
- Funds raised through the Rights Issue of equity shares: Rs.10.00 Crore.
- Issue size as per the Offer Document: 10.00 (₹ Crore); amount received: 10.00 (₹ Crore).
- Equity shares under the Rights Issue: 1,00,01800 at a price of ₹10 each.
- Issue period: January 9, 2026 to January 19, 2026.
- Type of securities: equity shares; the company belongs to the NBFC sector; promoter is Jupiter Capital Private Limited.
What else is attached to the update
- A Peer-Reviewed CA Certificate verifying the accuracy of the data provided to the monitoring agency.
- A statement from the company confirming the utilisation of the proceeds of the Rights Issue.
How to read this
A monitoring agency report is a periodic check that money raised from shareholders was used for the purposes stated at the time of the issue. Here, the agency has recorded that there was no deviation from those stated objects for the quarter ended September 30, 2026. The report also carries the agency's own clarification that it is not an audit and does not independently verify the information supplied to it.
Also from BYLD Capital Finance
Board meeting on 06 November 2026 to consider September quarter and half-year results
3 Nov 2026
More numbers
- Funds raised through Rights Issue of equity sharesRs.10.00 Crore
- Equity shares under the Rights Issue1,00,01800
- Issue price per equity share10
- Amount received (₹ Crore)10.00
- Issue size as per Offer Document (₹ Crore)10.00
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