Baazar Style Retail Limited has informed the Exchange about Monitoring Agency Report pertaining to Quarter ended June 30, 2025.
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Awaiting price reaction for this filing.
Baazar Style Retail Limited has filed the quarterly Monitoring Agency Report from CARE Ratings Limited for Q1FY26, covering utilization of the Rs. 185 crore fresh issue proceeds raised through its Pre-IPO (August 2024) and IPO (August–September 2024). The report confirms that Rs. 184.42 crore has already been utilized, with Rs. 146 crore used to prepay borrowings, Rs. 28.99 crore for general corporate purposes, and Rs. 9.43 crore toward offer expenses. All three objects (borrowing repayment and GCP) were fully completed in FY25 itself, with no deviation from the stated purposes. A small unutilized balance of about Rs. 0.59 crore remains parked in Axis Bank accounts (share application and public offer accounts), pending final settlement of offer expenses. There are no material deviations, no change in means of finance, and no adverse observations from the Monitoring Agency.
This is a routine compliance filing and should not move the stock. The clean report — proceeds used exactly as promised, no deviations, and objects fully completed — is a mildly positive governance signal for shareholders. No material impact on share price is expected.