Franklin Industries Ltd — Others, 25-07-2025: Others

Franklin Industries Limited's Board has approved the voluntary appointment of a SEBI-registered Credit Rating Agency to monitor funds raised from its ongoing Rights Issue. The Board resolved that no Rights Issue proceeds will be utilized until this Monitoring Agency is formally in place. This agency will submit regular monitoring reports, which will also be reviewed by the Audit Committee and Board until the capital is fully deployed. This decision enhances transparency and ensures disciplined utilization of shareholder funds, reinforcing investor confidence in the company's capital deployment.