Jainex Aamcol Ltd — Important, 15-05-2026: Company Update

Jainex Aamcol Limited's monitoring agency report for the quarter ending March 31, 2026, reveals deviations in the utilization of its Rs. 8.98 Cr Rights Issue proceeds. There is a delay in funding the expansion program, with the CFO extending the utilization timeline. The company reallocated Rs. 1.92 Cr from secured loan repayment to other objects, prioritizing higher-cost unsecured loan repayments. Notably, Rs. 1.55 Cr of the issue proceeds was adjusted against unsecured loans to promoters instead of a direct cash receipt, a move deemed financially prudent. Currently, Rs. 0.99 Cr of the issue proceeds remains unutilized.