Maha Rashtra Apex (MAHAPEXLTD) — Corporate Action

📢 Key Event
First Monitoring Agency Report issued for Rights Issue proceeds utilization

🔄 What Changed
No material changes; full utilization of proceeds as per offer document with no deviations

🔮 What's Next
None

💡 Investor Takeaway
Shareholders can be assured that Rights Issue funds were used strictly for stated purposes with no deviations or delays.

Maha Rashtra Apex Corporation Limited received its first Monitoring Agency Report from Brickwork Ratings for the quarter ended June 30, 2026, covering utilization of funds from its Rights Issue. The report confirms no deviations from approved objects, with proceeds fully utilized for repaying advances (₹1.16 Cr), depositing scheme dues (₹12.25 Cr), and general corporate purposes (₹0.28 Cr). Issue expenses of ₹0.40 Cr were incurred, and unutilized funds were parked in fixed deposits with Canara Bank yielding 6.25% to 7.00% returns. No delays were reported, and all statutory approvals were secured.

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About Maha Rashtra Apex Corporation Limited (MAHAPEXLTD)

Financial Services · Finance · Listed on NSE

Market Cap: ₹143 Cr P/E: 0.3

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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