Key Quantitative Figures
The rights issue had a total size of ₹48.00 crore, with ₹46.50 crore allocated for augmenting the capital base of the company and ₹1.50 crore for issue expenses. The entire amount of ₹48.00 crore has been fully utilized during the quarter, leaving no unutilized funds.
Dates and Timeline
The issue period was from July 30, 2026, to August 17, 2026. The monitoring report was prepared by Acuité Ratings and Research Limited and submitted on November 14, 2026.
Parties Involved
The monitoring agency is Acuité Ratings and Research Limited, with Vikas Mishra (Deputy Vice President) as the signing authority. The company's promoters include Mr. Ashok Kumar Goenka, Ms. Malti S. Kothari, Mr. Rajiv S. Kothari, Mr. Rajkumar Goenka, and Mr. Shova Goenka. The report was signed by Mrs. Kunjal Arvind Gala, Executive Director of Minolta Finance Ltd.
Monitoring Findings
Acuité Ratings confirmed that there is no deviation from the objects of the issue as disclosed in the Offer Document. No material deviations were observed, and no change was found in the means of finance for the disclosed objects. This is the first and final monitoring agency report for this issue.
Material Events Assessment
No favorable or unfavorable events were observed that would affect the viability of the objects of the issue. No relevant information was evident that might materially affect the decision-making of investors.
Source Documentation
The monitoring agency relied on documents provided by the issuer, bank statements, and Independent Auditors Certificate issued by M/s C G C A & Associates LLP for preparation of the report.
Additional Information
The company has made this information available on its website at https://www.minoltafinance.co.in/. The report includes standard disclaimers stating that the monitoring agency does not perform an audit and undertakes no independent verification of information received.