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ABFRL Monitoring Agency Report: No Deviation in Utilization of Rights and Preferential Issue Proceeds for Q3 FY26

Aditya Birla Fashion and Retail Limited

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February 5, 2026, 01:56 PM

ABFRL's Q3 FY26 Monitoring Agency Reports confirm no deviation in utilizing proceeds from Rights and Preferential Issues. Total issue size was ₹2,378.75 crore. As of December 31, 2025, ₹1,263.73 crore was utilized, with ₹1,652.42 crore unutilized. Funds were used for debt repayment, capex, and general corporate purposes.

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Aditya Birla Fashion and Retail Limited (ABFRL) has submitted its Monitoring Agency Reports for the quarter ended December 31, 2025. These reports, issued by Axis Bank Limited for the Rights Issue and ICRA Limited for the Preferential Issue, indicate no deviation in the utilization of proceeds from the stated objectives.

The total issue size from the Preferential Issue was ₹2,378.75 crore. The utilization of these funds was allocated across three main objectives: prepayment or repayment of outstanding borrowings (₹1,185.00 crore), investment towards capex and opex in high-growth businesses (₹600.00 crore), and general corporate purposes (₹593.75 crore).

As of December 31, 2025, the company had utilized ₹1,263.73 crore of the total proceeds. The unutilized amount stood at ₹1,652.42 crore. Specifically, ₹1015.42 crore was utilized for debt repayment, ₹53.82 crore for capex and opex, and ₹583.18 crore for general corporate purposes, primarily working capital for Q1, Q2, and Q3 FY26. The remaining unutilized funds were deployed in various mutual fund schemes and a fixed deposit with Federal Bank maturing on June 8, 2026, yielding an average return of approximately 6.02% to 7.66% for money market funds and 6.90% for the FD.

The reports confirm that all utilization is in line with the disclosures in the Offer Document, and no material deviations requiring shareholder approval were observed. Furthermore, there have been no changes in the means of finance for the disclosed objectives, and all government/statutory approvals related to the objects have been obtained. The implementation of the objects, including debt repayment and capex investments, is on schedule for Fiscal 2026.

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