The Belrise Industries Limited has submitted to the exchange monitoring agency report for the quarter ended March, 2026.
BELRISE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Belrise Industries submitted its Q4 FY2026 (quarter ended March 31, 2026) monitoring agency report for its May 2025 IPO of Rs 21,500 million. CRISIL Ratings, the monitoring agency, confirmed that proceeds were utilized as per the offer document with no material deviations. The company fully repaid borrowings of Rs 15,960.21 million (vs. Rs 16,181.27 million planned), releasing Rs 221.06 million to General Corporate Purposes (GCP), which rose from Rs 4,104.85 million to Rs 4,325.91 million. Total net proceeds deployed stand at Rs 20,281.85 million out of Rs 20,286.12 million, with only Rs 4.27 million unutilized in GCP and Rs 434.41 million remaining in issue expenses. Rs 438.68 million sits in monitoring and public issue accounts. A minor delay in GCP utilization (Rs 4,320.14 million vs. Rs 4,325.91 million target) is attributed to vendor invoice reconciliation for raw materials.
The report is broadly positive – no deviations from IPO objects, debt repayment completed on schedule, and only marginal unutilized amounts remain. The minor GCP delay is operational in nature and carries no material risk to investors.