Vakrangee Limited — Others, 31-07-2025: Monitoring Agency Report

Vakrangee Limited has released its Monitoring Agency Report for the quarter ended June 30, 2025, concerning its Rs 162 Cr preferential issue. While funds utilized so far (Rs 88.84 Cr out of Rs 88.94 Cr raised) align with stated objectives like business expansion and loan repayment, 45.10% of the total subscribed warrant amount is yet to be received. The monitoring agency highlighted that the company's share price (Rs 10.18) is significantly below the warrant exercise price of Rs 27. This disparity could impact the full realization of the preferential issue funds, potentially affecting project viability.