CARE Ratings ne Oriental Rail Infrastructure ko 'nil deviation' report card diya hai, matlab paisa sahi jagah laga hai. Lekin, fund management mein kuch procedural galti pakdi gayi hai.
Kya report mein sab sahi hai?
CARE Ratings ne monitoring agency ke taur par apni report submit kar di hai. Aacchi baat ye hai ki company ne jo shareholders se wada kiya tha, paisa wahi par kharch kiya hai. Total issue size ₹212.20 Crore ka tha, jisme se ₹42.04 Crore abhi bhi unutilized hain (as of September 30, 2026).
procedural lapses kya hain?
Sawaal paisa kharch karne par nahi, balki uske maintenance par uthe hain:
- Fund Commingling: Company ne ₹0.05 Crore unutilized funds ko subsidiary ke current account mein shift kar diya, jo ki rules ke khilaf hai.
- Wrong Accounts: Fixed deposits ke liye designated monitoring account ki jagah general current accounts ka use kiya gaya.
Paisa kahan ja raha hai?
April aur September 2026 mein fund allocation badla gaya tha. Working capital ki demand ₹147.20 Crore se badh kar ₹201.39 Crore ho gayi hai, jabki debt repayment ka budget ₹50 Crore se ghatakar sirf ₹3.78 Crore kar diya gaya hai.
Investors ke liye kya hai risk?
Ye procedural lapses company ki internal control weakness dikhate hain. Agar aage chalkar management ne in accounts ko segregate nahi kiya, toh regulator ki taraf se sakhti badh sakti hai. Agle quarter ki monitoring report par nazar zaroor rakhna.