Bhandari Hosiery Exports Limited submitted its Monitoring Agency Report for the quarter ended March 31, 2026. The report, issued by Crisil Ratings Limited, confirms the utilization of ₹23.78 Crore raised through a rights issue for working capital requirements. No deviations from the stated objects were reported for the monitoring period.
Bhandari Hosiery Exports Ltd approved a revised fund utilisation plan for its ₹49.30 Crore rights issue proceeds. Due to 48.44% under-subscription, the company deferred long-term loan repayments and general corporate purposes, reallocating remaining funds toward working capital and issue expenses to be deployed by June 2026.