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Crisil Ratings report shows Rs 140.14 crore of Rs 150.68 crore capital expenditure utilized
03-Aug-2026, 01:10
Crisil Ratings Limited’s recent report indicates that the issuer has utilized Rs 140.14 crore of the Rs 150.68 crore allocated for capital expenditure as of June 30, 2026, citing vendor invoice delays. General corporate purposes have been fully deployed, while Rs 19.46 crore remains unutilized, held in monitoring and public offer accounts at Kotak Mahindra Bank. The company plans to utilize the remaining funds in subsequent fiscal years, subject to board approval. The report, a regulatory monitoring exercise required by SEBI, relies on information provided by the issuer and third-party sources, and includes extensive disclaimers limiting Crisil’s liability and clarifying that the report does not constitute investment advice. The delay in capital expenditure and the reason for the unutilized funds warrant further scrutiny.
Crisil Ratings Limited’s recent report indicates that the issuer has utilized Rs 140.14 crore of the Rs 150.68 crore allocated for capital expenditure as of June 30, 2026, citing vendor invoice delays. General corporate purposes have been fully deployed, while Rs 19.46 crore remains unutilized, held in monitoring and public offer accounts at Kotak Mahindra Bank. The company plans to utilize the remaining funds in subsequent fiscal years, subject to board approval. The report, a regulatory monitoring exercise required by SEBI, relies on information provided by the issuer and third-party sources, and includes extensive disclaimers limiting Crisil’s liability and clarifying that the report does not constitute investment advice. The delay in capital expenditure and the reason for the unutilized funds warrant further scrutiny.