Whalesbook
Allcargo Terminals Ltd reported that it used ₹14.92 crore of its rights issue funds in the fourth quarter of fiscal year 2026 (ended March 31, 2026). The company confirmed a total of ₹64.67 crore remains unutilized from the rights issue proceeds. These funds were allocated for expansion projects and loan repayment, indicating ongoing capital deployment for growth and financial management.
The company submitted its Monitoring Agency Report for the quarter ending March 31, 2026, which covers the use of its rights issue funds. CRISIL Ratings, acting as the agency, confirmed that ₹14.92 crore was spent during Q4 FY26 on the intended purposes of the issue. This leaves ₹64.67 crore unutilized. CRISIL Ratings also stated that the company adhered to the stated objectives of the rights issue.
This transparency shows how Allcargo Terminals is using capital raised from shareholders. Spending on expanding container storage and repaying debt helps strengthen the company's future growth potential and financial health. Funds were specifically used for rentals at Kolkata Port CFS and JNPT CFS, demonstrating progress in operations. The unutilized funds also saw a minor market value gain, reflecting careful management of these resources.
The rights issue itself took place from November 24 to December 9, 2025, with the goal of raising ₹79.60 crore. The funds were intended for expanding container storage capacity via new CFS and ICD projects, as well as improving current facilities. A key purpose was also to repay a term loan, which had partly funded the company's investment in Haryana Orbital Rail Corridor Limited (HORCL). Allcargo Terminals had previously acquired an additional 10.56% stake in HORCL in March 2024 for ₹147.08 crore, to enhance its rail logistics infrastructure.
This update confirms tangible progress on the capital allocation plans for the rights issue funds. Allcargo Terminals is actively using the capital for its stated growth and financial goals. The substantial unutilized amount means significant funds are still available for future use, supporting the company's ongoing expansion strategy.
No specific risks related to this fund utilization or the monitoring report were highlighted in the filing.
Competitors such as Gateway Distriparks and Container Corporation of India (CONCOR) operate in similar logistics infrastructure sectors, managing container freight stations and inland container depots. Gateway Distriparks provides integrated CFS, ICD, and logistics park services, while CONCOR is a major public sector provider of container rail transport and station management.
Key figures from the rights issue include: Gross proceeds of approximately ₹79.60 crore were raised between November and December 2025. In Q4 FY26, ₹14.92 crore was used for the rights issue objectives. As of March 31, 2026, ₹64.67 crore remained unutilized from these funds.
Investors will track how Allcargo Terminals continues to use the remaining ₹64.67 crore rights issue proceeds for expansion and debt repayment. Key future events to watch include any Board decisions on further calls for partly paid shares. Updates on expansion projects and the impact of debt reduction will also be important.