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The latest announcement is out from Bhandari Hosiery Exports Ltd ( (IN:BHANDARI) ).
Bhandari Hosiery Exports Limited has reported that its Audit Committee and Board have reviewed and approved the Monitoring Agency Report on the utilisation of proceeds from its recent rights issue. The report, prepared by Crisil Ratings Limited for the quarter ended March 31, 2026, confirms that the company is formally disclosing the deployment of these funds in compliance with SEBI’s listing regulations, reinforcing transparency for investors and market regulators.
The board meeting to consider the report was held on May 6, 2026, and concluded within an hour, underscoring that the key agenda was to finalise the monitoring update. By submitting this report to both BSE and NSE, Bhandari Hosiery Exports signals adherence to post-issue obligations, which may bolster stakeholder confidence in its governance and use of capital raised from shareholders.
More about Bhandari Hosiery Exports Ltd
Bhandari Hosiery Exports Limited is an Indian textile company based in Ludhiana, Punjab, operating in the hosiery and garments sector with a focus on exports. The company is listed on both BSE and the National Stock Exchange of India, reflecting its access to capital markets and regulatory oversight as a publicly traded firm.
Average Trading Volume: 159,643
Technical Sentiment Signal: Sell
Current Market Cap: 1.33B INR
For detailed information about BHANDARI stock, go to TipRanks’ Stock Analysis page.