Monitoring Agency Report for the quarter ended March 31, 2026 is attached herewith.
AWFIS · price
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CARE Ratings Limited, the monitoring agency for Awfis Space Solutions' IPO of Rs. 128 crore (May 2024), has submitted its Q4FY26 report. All four stated objects show full or near-full utilization: Rs. 42.03 crore for capital expenditure (new centers), Rs. 54.37 crore for working capital, Rs. 20.63 crore for general corporate purposes, and Rs. 9.60 crore of Rs. 10.97 crore for issue expenses. Only Rs. 1.37 crore remains unutilized, held in the public issue account pending invoice payments. The monitoring agency confirms zero deviation from the objects disclosed in the offer document and no delays in implementation. The capital expenditure target for new centers was completed by March 31, 2025 as planned.
The report confirms proper deployment of IPO proceeds as per disclosed objects with no deviations, providing assurance to shareholders that funds raised have been utilized as committed during the IPO. The small unutilized balance for issue expenses is routine administrative matter.