Franklin Industries Enhances Transparency with Monitoring Agency for Rights Issue
Franklin Industries Limited has approved the voluntary appointment of a SEBI-registered Credit Rating Agency as the Monitoring Agency for its Rights Issue funds. The company will not utilize any proceeds until the agency is formally appointed. The Monitoring Agency will submit quarterly and event-based reports to regulatory authorities, which will be reviewed by the company's Audit Committee and Board. This decision, made during a Board meeting on July 25, 2025, aims to enhance transparency and investor confidence in the ongoing Rights Issue.