Noble Metals Limited received Rs 8.89 crore of Rs 12.87 crore through equity share issue Back
<p>This document details the first monitoring report for Noble Metals Limited regarding the preferential issue of equity shares and warrants. The report, verified by R.B. Gohil & Co. Chartered Accountants, confirms that as of September 30, 2026, the company has received Rs 8.89 crore out of the total Rs 12.87 crore raised through the issue, with the remaining funds held in escrow and fund monitoring accounts. The report outlines the intended use of proceeds, primarily for working capital and general corporate purposes, and notes a delay in the implementation of certain objects. Brickwork Ratings, the monitoring agency, provides a disclaimer emphasizing the reliance on information provided by the issuer and third-party sources, and clarifies that the report does not constitute financial advice or create legally binding obligations.</p>