Capital Trust Limited has successfully completed the full utilization of Rs. 23.81 crore raised through its rights issue, according to the first and final monitoring agency report for the quarter ended December 31, 2025. The report, prepared by Brickwork Ratings India Private Limited, confirms that all funds have been deployed in accordance with the original offer document.

Rights Issue Details

The rights issue was conducted from October 20, 2025, to November 11, 2025, involving 1,70,09,702 equity shares priced at Rs. 14 per share. The company successfully raised the targeted amount of Rs. 23.81 crore through this rights offering.

Fund Utilization Breakdown

The monitoring agency report reveals that all proceeds have been fully utilized across the four designated purposes outlined in the offer document. The deployment was completed during the quarter with no unutilized amounts remaining.

Monitoring Agency Assessment

Brickwork Ratings India Private Limited, appointed as the monitoring agency under SEBI regulations, conducted a comprehensive review of the fund utilization. The agency confirmed several key aspects:

• All utilization aligned with disclosures in the offer document
• No material deviations observed from the stated objectives
• All necessary government and statutory approvals were obtained
• No unfavorable events affecting the viability of the objects were identified

The monitoring was conducted based on bank statements, invoices, company letters, chartered accountant certificates, and PAS certificates provided by the company.

Regulatory Compliance

The report was prepared in compliance with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 82(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The verification was conducted by D P Bhardwaj & Associates Chartered Accountants.

Company Background

Capital Trust Limited operates as a Non-Banking Financial Company (NBFC) with promoters Mr. Yogen Khosla and M/S Moonlight Equity Private Limited. The company's registered office is located at 205 Centrum Mall, Sultanpur, M G Road, New Delhi-110030.

The successful completion of fund utilization as per the original plan demonstrates the company's adherence to its stated objectives and regulatory compliance requirements. This marks the conclusion of the monitoring process for the rights issue proceeds, with the agency designating this as the first and final monitoring report.

Capital Trust Limited has announced its unaudited financial results for the third quarter of FY26, reporting a net loss of ₹243.11 lakhs compared to a profit of ₹5.88 lakhs in the corresponding quarter of the previous year. The company's board of directors approved these results at their meeting held on February 14, 2026.

Financial Performance Overview

The company's financial performance showed significant challenges during the quarter ended December 31, 2025. Total income declined substantially to ₹1,129.61 lakhs from ₹2,519.82 lakhs in the same quarter last year, representing a notable decrease in revenue generation.

Revenue Breakdown and Operational Challenges

The company's revenue from operations was impacted across multiple segments. Interest income decreased to ₹508.91 lakhs from ₹1,698.67 lakhs in the previous year quarter. Fees and commission income also declined significantly to ₹106.39 lakhs compared to ₹514.15 lakhs in Q3FY25.

Nine-Month Performance and Capital Raising

For the nine months ended December 31, 2025, the company reported a net loss of ₹2,863.80 lakhs compared to a profit of ₹102.50 lakhs in the corresponding period of the previous year. Total income for the nine-month period was ₹3,275.58 lakhs against ₹7,505.78 lakhs in the previous year.

The company successfully completed a Rights Issue of 1,70,09,702 equity shares at ₹14 per share, raising ₹2,381 lakhs. The issue opened on October 20, 2025, and closed on November 11, 2025, with shares listed on November 14, 2025.

Regulatory Impact and Business Strategy

Capital Trust reported an exceptional item of ₹91.47 lakhs due to the implementation of New Labour Codes effective November 21, 2025. This one-time impact resulted from increased gratuity liability due to changes in wage definitions. The company noted its cautious approach to disbursements due to collection challenges in the unsecured lending sector, focusing on developing its Gold Loan product platform.