Chandan Healthcare Submits Monitoring Agency Report for Preferential Issue of Fully Convertible Warrants for Quarter Ended March 31, 2026
Published on: May 13, 2026, 11:44 a.m. | Source: scanx.trade
Chandan Healthcare Limited has submitted the Monitoring Agency Report for the quarter ended March 31, 2026, covering the utilisation of proceeds from its preferential issue of fully convertible warrants with a total issue size of Rs 1,04,13,00,000. Crisil Ratings Limited, acting as the Monitoring Agency, confirmed that Rs 16,93,07,881 was utilised during the quarter — Rs 12,17,53,881 towards Business Expansion and Rs 4,75,54,000 towards General Corporate Purposes — with Rs 87,19,92,119 remaining unutilised. Of the unutilised amount, Rs 78,09,75,000 representing 75% of the warrant issue size is yet to be received from warrant holders, payable upon conversion into equity shares by July 28, 2027. No deviations from the objects of the issue were reported, and unutilised proceeds have been deployed in a fixed deposit with ICICI Bank and maintained in the preferential issue account.
