Best Agrolife Limited — Others, 15-05-2025: Monitoring Agency Report

Best Agrolife Limited has announced a board meeting to consider the financial results for the quarter and half-year. CRISIL Ratings confirmed utilization of Rs 22.09 crore from the preferential issue of convertible warrants originally raised at Rs 150 crore, revised down from Rs 200 crore due to undersubscription. The funds were mainly used for working capital, with Rs 113.23 crore remaining unutilized. The outstanding amount is expected upon warrant conversion within 18 months. No deviations or delays were reported in the use of these proceeds.