BSECompany Update1d ago · 19 Aug 2026, 12:28 pm
Monitoring Agency report
Vintage Coffee And Beverages Ltd · 538920
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Vintage Coffee And Beverages Ltd has received a Monitoring Agency Report from Infomerics Valuation and Rating Ltd for the quarter ended June 30, 2026, indicating a deviation of up to 10% from the stated objects of the issue, specifically the purchase of land worth Rs. 12.05 crore.
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Vintage Coffee And Beverages Ltd - 538920 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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To, Date: 19.08.2026
BSE Limited, National Stock Exchange of India Limited,
P.J. Towers, Dalal Street, Exchange Plaza, Bandra- Kurla Complex,
Mumbai-400001 Mumbai 400051
Scrip Code: 538920 Symbol: VINCOFE
Sub: Monitoring Agency Report for the quarter ended June 30, 2026
Unit: Vintage Coffee and Beverages Limited
Dear Sir/ Madam,
Pursuant to Regulation 32(6) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations,
2015, we are enclosing herewith Monitoring Agency Report issued by Infomerics Valuation and Rating
Ltd, Monitoring Agency, for the quarter ended June 30, 2026 in respect of utilization of proceeds of the
Preferential Allotment of the Company.
This is for the information and records of the Exchanges, please.
Thanking you.
Yours sincerely,
For Vintage Coffee and Beverages Limited
Balakrishna Tati
Chairman & Managing Director
DIN: 02181095
Encl: as above
Monitoring Agency Report
for Vintage Coffee and Beverages
Limited
for the quarter ended June 30, 2026
Monitoring Agency Report
August 14, 2026
Vintage Coffee and Beverages Limited
202, Oxford Plaza,9-1-129/1, SD Road,
Hyderabad, Telangana - 500003
Dear Sir,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the
Preferential issue of Vintage Coffee and Beverages Limited (“The Company”)
We write in our capacity of Monitoring Agency for the Preferential issue for the amount
aggregating to Rs. 201.56 crore of the Company and refer to our duties cast under 162A of the
Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements)
Regulations, 2018 (SEBI ICDR Regulations).
In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June
30, 2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated 08th
July 2025.
Request you to kindly take the same on records.
Thanking you,
For and on behalf of Infomerics Valuation and Rating Limited
Gaurav Jain
(Director - Ratings)
gaurav.jain@infomerics.com
Report of the Monitoring Agency
Name of the Issuer: Vintage Coffee and Beverages Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Infomerics Valuation and Rating Limited
(a) Deviation from the objects: Yes
(b) Range of Deviation: up to 10%
Comment: During the quarter, the Company utilised Rs. 12.05 crore towards purchase of land in
its own name, which constitutes a deviation from the stated objects of the issue. Kindly refer
“Page 9” for detailed explanation.
Indicate range of percentage deviation from the amount of issue proceeds earmarked for objects.
For example, up to 10%, 10 – 25%, 25-50%, 50-75%, 75-100%, not ascertainable etc.
* Range of Deviation may be computed by taking weighted average of financial deviation of each
object in the ratio of issue proceeds allocated for it. Non-financial deviation may be indicated
separately by way of notes.
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in
relation to the objects of the issue based on the information provided by the Issuer and information
obtained from sources believed by it to be accurate and reliable. The MA does not perform an
audit and undertakes no independent verification of any information/ certifications/ statements it
receives. This Report is not intended to create any legally binding obligations on the MA which
accepts no responsibility, whatsoever, for loss or damage from the use of the said information.
The views and opinions expressed herein do not constitute the opinion of MA to deal in any
security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to
or should be construed as creating a fiduciary relationship between the MA and any issuer or
between the agency and any user of this report. The MA and its affiliates also do not act as an
expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may
have credit rating or other commercial transactions with the entity to which the report pertains
and may receive separate compensation for its ratings and certain credit-related analyses.
We declare that we do not have any direct / indirect interest in or relationship with the
issuer/promoters/directors/management and also confirm that we do not perceive any conflict of
interest in such relationship / interest while monitoring and reporting the utilization of issue
proceeds by the issuer.
We further declare that this report provides true and fair view of the utilization of issue proceeds.
Signature:
Name of the Authorized Person/Signing Authority: Gaurav Jain
Designation of Authorized person/Signing Authority: Director - Ratings
Seal of the Monitoring Agency:
Date: August 14, 2026
1) Issuer Details:
Name of the issuer: Vintage Coffee and Beverages Limited (VCBL)
Names of the promoters of the issuer: Balakrishna Tati and Chin Corp Holding Pte Limited
Industry/sector to which it belongs: Engaged in manufacturing and exporting high-quality instant coffee, instant chicory, and other beverage products.
2) Issue Details:
Issue Period: August 28, 2025 to September 11, 2025
Type of issue: Preferential Issue
Type of specified securities: Equity shares and fully convertible share warrants
Grading: NA
Issue size (Rs in Crores): Rs. 201.56 crore
Particulars Remarks Amount (in Rs. crore)
Approved by EGM
Total shares to be issued and subscribed as part of Preferential Issue (A) 1,50,00,000 186.00
Total Warrants to be issued (B) 24,00,000 29.76
Total - 215.76
Details of expenses to be incurred - -
Net Proceeds to be received - 215.76
Current Status (Refer Note 1 and 2 below)
Total shares issued and subscribed as part of Preferential Issue 1,43,55,000 178.00
Total Warrants converted in to shares during the period (Fully paid up) - -
Warrants – 25% Share Application money (still outstanding to be exercised within
19,00,000 5.89
18 months from the date of allotment (Deposit amount received)
Total subscriptions towards Preferential issue 201.56
Details of expenses incurred related to issue - -
Net Proceeds receipt 183.89
Note 1:
The company had offered 1,50,00,000 Equity Shares Rs. 124.00 per share (including share premium of Rs. 114.00 per share) on preferential basis
aggregating to Rs. 186.00 crore. The issue was partially subscribed, and the company has allotted 1,43,55,000 Equity Shares aggregating to Rs.
178.00 crore to the applicants during the quarter ended September 2025. Accordingly, the utilisation of the object has been proportionately revised.
Note 2
The offer comprises of 24,00,000 fully convertible share warrants of the company convertible into equal number of equity shares at a price of
Rs.124.00 per warrant aggregating to Rs. 29.56 crore. The issue was partially subscribed, and the company has allotted 19,00,000 fully convertible
share warrants upon receipt of initial 25% of total issue amounting to Rs. 5.89 crore to the applicants during the quarter ended September 2025.
Accordingly, the utilisation of the object has been proportionately revised.
Thereby out of the total issue size of Rs. 215.76 crore, the issue was subscribed for Rs. 201.56 crore.
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Particulars Reply Source of information / Comments of Monitoring Comments of
certifications considered by Agency Board of
Monitoring Agency for Directors
preparation of report
Whether all the utilization is as per disclosure in No, the utilization Bank Statements, CA Refer Note 1 No Comments
Offer has not been made Certificate**, Notice of
Document? as per Offer EOGM*, Invoices, Ledgers,
Document. Management declaration^
Whether Shareholder approval is obtained in case No shareholder Not applicable Refer Note 1 No Comments
of material deviations from expenditures approval is
disclosed in Offer obtained for
Document? deviation from
objects of the issue
Whether means of finance for disclosed objects of There is no change Not applicable No No Comments
the Issue h
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