TruCap Finance Ltd

TruCap Finance Update: Key Developments & Financial Adjustments 📉

- No funds raised via Public Issue, Rights Issue, Preferential Issue, or QIP in Q1 2025.

- 60 lakh convertible warrants lapsed after holders waived exercise rights.

- ₹11.06Cr (25% of total consideration) forfeited from lapsed warrants.

- No material deviations in fund usage per Monitoring Agency report.

- CARE downgraded external credit rating to 'D' (from 'BB+(RWDI)') on July 18, 2025.

- Repaying 70% (₹49.6Cr) of ₹71.3Cr NCD defaults; balance due by October 2025.

- Total issue size reduced from ₹168.24Cr to ₹48.24Cr due to unsubscribed CCDs/warrants.

- ₹12.06Cr (25% of warrant issue price) received & utilized; ₹36.18Cr remains uncollected.