Oriental Rail Infrastructure Ltd — Important, 27-04-2026: Company Update

Oriental Rail Infrastructure received its Monitoring Agency Report for the Rs. 212.20 crore preferential issue. While the report formally states no deviation from the approved objects, the agency highlighted delays in fund utilization for certain tranches. The report noted an Rs. 12.15 crore over-utilization for working capital without shareholder reclassification approval. Additionally, some unutilized funds were placed in a subsidiary's current account, which was not explicitly permitted by the offer document. As of the quarter-end, Rs. 42.04 crore of the proceeds remained unutilized, predominantly in fixed deposits.