Granules India Limited (GRANULES) — Announcement | 21 July 2026

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📢 Key Event
Monitoring agency confirmed no deviation in fund utilization

💡 Investor Takeaway
Shareholders can view this as confirmation that preferential issue funds are being used as disclosed without material deviations.

Granules India disclosed that India Ratings & Research confirmed no deviation from the stated utilization of proceeds from its INR 1,762.50 crore preferential issue, with funds deployed across business operations and convertible warrants. The monitoring report validated that 300 crores were used for term loan prepayment in a subsidiary, while 1,462.50 crores remained allocated to other purposes including working capital and vendor payments. No material delays or changes were noted, and the company confirmed adherence to all regulatory requirements.

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About Granules India Limited (GRANULES)

Healthcare · Pharmaceuticals & Biotechnology · Listed on NSE

Market Cap: ₹18,242.81 Cr P/E: 37.2

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