JKB Financial Services Ltd.

As on : 04-Nov-2026

Corporate News
04-Nov-2026 01:56

Company utilizes Rs 1,122.67 crore from public offering to repay borrowings by June 2026

A Monitoring Agency report reveals that nearly all proceeds from a recent public offering have been utilized, with Rs 1,122.67 crore allocated to repay borrowings and Rs 26.58 crore designated for general corporate purposes by June 2026. As of September 30, 2026, a balance of Rs 5.15 crore remains in the public offer account. While the initial plan targeted full utilization by fiscal year 2026, some funds were deployed in the first quarter of fiscal year 2027, a move the company asserts is compliant with the offer document. A vendor payment of Rs 29.95 crore was made as part of the general corporate purposes, with Rs 3.37 crore funded from existing company resources. The report, which does not constitute an audit or fiduciary duty, relies on information provided by the company and its sources.

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