Key Quantitative Figures

  • Total Rights Issue Proceeds: ₹7.575 Crore
  • Number of Equity Shares Issued: 75,75,000 shares at ₹10 per share
  • Fund Allocation as per Offer Document:
  • Capital augmentation and funding requirements: ₹5.50 Crore
  • Repayment/prepayment/redemption of Non-Convertible Debentures: ₹1.50 Crore
  • General Corporate Purpose: ₹0.225 Crore
  • Issue Expenses: ₹0.35 Crore

Fund Utilization Status

As of September 30, 2026:

  • Total Amount Utilized: ₹0.00 Crore (zero utilization across all objects)
  • Total Unutilized Amount: ₹7.575 Crore
  • Deployment of Unutilized Proceeds:
  • HDFC Bank-Allotment Account (57500002038792): ₹0.00 Crore
  • HDFC Bank-Monitoring Account (57500002050377): ₹7.575 Crore

Monitoring Agency Details

  • Monitoring Agency: Brickwork Ratings India Private Limited
  • Report Number: BWR/2026-27/IPM/SICFSL/01
  • Monitoring Agreement Date: July 24, 2026
  • Issue Period: August 10, 2026 to September 3, 2026

Regulatory Compliance Findings

  • Deviation/Variation in Use of Funds: No deviation observed
  • Shareholder Approval for Deviation: Not Applicable
  • Means of Finance Changed: No
  • Government/Statutory Approvals: All obtained (as per company's letter)
  • Favorable Events Improving Viability: None reported
  • Unfavorable Events Affecting Viability: None reported

Implementation Timeline

All objects are ongoing with no delays reported:

  • Capital augmentation: Completion target up to Financial Year 2027-28
  • NCD repayment: Completion target up to Financial Year 2026-2027
  • General Corporate Purpose: Completion target up to Financial Year 2026-2027

General Corporate Purpose Utilization

  • Amount Utilized for GCP during quarter: ₹0.00 Crore
  • Remarks: Nil

Company and Promoter Details

  • Industry/Sector: Non-Banking Financial Company (NBFC) Sector
  • Promoter: M/s Sharewealth Securities Limited

Certifications and Verification

The monitoring report is based on:

  • Bank statements
  • Company's letter dated October 22, 2026
  • Letter of Offer dated July 24, 2026

Audit Committee Comments

"No amount has been utilised in the quarter"

Auditors Comments

"Nil"

Disclaimer Notes

The Monitoring Agency (Brickwork Ratings) declares that the report provides a true and fair view based on information provided by the issuer but does not perform an audit or independent verification. The MA confirms no direct/indirect interest or conflict of interest with the issuer/promoters/directors/management.