Please find enclosed herewith, the Monitoring Agency Report for the quarter ended March 31, 2026 issued by CARE Ratings Limited, the Monitoring Agency appointed to monitor the utilisation ....
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Ace Alpha Tech Ltd has submitted its Q4 FY26 monitoring report for the Rs. 24.48 crore IPO completed in June 2025. CARE Ratings, the appointed monitoring agency, confirms all IPO proceeds have been utilized appropriately with zero deviation from stated objects. Total utilization stands at Rs. 19.14 crore (78%) with Rs. 5.34 crore remaining unutilized. In Q4, the company deployed Rs. 3.36 crore for server facility construction and Rs. 2.10 crore for workforce expansion. The company used Rs. 0.31 crore from the Unidentified Acquisition/General Corporate Purpose pool to acquire shares in uTrade Solutions Private Limited. A minor shortfall of Rs. 0.94 crore in capital expenditure was noted due to phased hiring taking longer than projected, but 73% of planned recruitment has been completed.
Positive signal for shareholders - the IPO funds are being deployed as intended with no misuse. The unutilized Rs. 5.34 crore is safely parked in monitoring account and fixed deposits, indicating disciplined fund management. The minor hiring delay is being addressed in a calibrated manner.