Monitoring agency report for Sept 2026 quarter: no deviation in use of rights issue proceeds
Maha Rashtra Apex Corporation has shared the Second Monitoring Agency Report from Brickwork Ratings for the quarter ended September 30, 2026, on the use of its rights issue money.
By ScoutQuest · · 2 min read
- Deviation from objects of issue
- No. Range of deviation: Not Applicable.
- Rights issue amount
- Rs.14.09 Crore
- Equity shares issued
- 1,40,91,896 equity shares at ₹10 each
What was announced
The company has disclosed the Second Monitoring Agency Report prepared by Brickwork Ratings India Private Limited for the quarter ended September 30, 2026. The report covers how the money raised through the company's rights issue of equity shares has been used.
The rights issue at a glance
- Issue period: April 02, 2026 to April 30, 2026
- Type of issue: Rights issue of equity shares
- Number of equity shares issued: 1,40,91,896
- Price per share: ₹10
- Issue size: Rs.14.09 crore
- Amount received: Rs.14.09 crore
The amount received matches the value as per the offer document, both shown as Rs.14.09 crore. The company belongs to the financial services sector.
What the monitoring agency says
- Deviation from the objects of the issue: No
- Range of deviation: Not Applicable
The agency states the report gives a true and fair view of the utilisation of the issue proceeds in relation to the objects of the issue, based on information provided by the company and from sources it believes to be accurate and reliable.
What the report is not
The monitoring agency states that it does not perform an audit and undertakes no independent verification of the information, certifications or statements it receives. It also states that the report is not intended to create legally binding obligations and does not constitute its opinion to deal in any security of the company.
The agency also states it has no direct or indirect interest in, or relationship with, the issuer, its promoters, directors or management, and does not perceive a conflict of interest in monitoring and reporting on the use of the proceeds.
How to read this
This is a periodic compliance-style disclosure that reports the status of how rights issue money was used. The key takeaway for a retail reader is the "no deviation" observation, which means the proceeds were used in line with the objects stated in the offer document, as reported by the monitoring agency for the quarter.
More numbers
- Funds raised through rights issue of equity sharesRs.14.09 Crore
- Total number of equity shares issued (rights issue)1,40,91,896
- Price per equity share10
- Issue size as per offer document (₹ Crore)14.09
- Amount received (₹ Crore)14.09
- Issue size (in ₹ Crore)Rs 14.09 crore
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