Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 41(4) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed herewith Monitoring Agency Report issued in respect of the utilization of the proceeds of the Initial Public Offer ( IPO ) of the Company for the quarter ended June 30, 2025, by ICRA Limited, the Monitoring Agency.
GANDHAR · price
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Gandhar Oil Refinery has submitted the quarterly Monitoring Agency Report issued by ICRA Limited covering utilization of the company's IPO proceeds for the quarter ended June 30, 2025. The filing is made under SEBI's Listing Obligations (Regulation 32(6)) and Issue of Capital and Disclosure Requirements (Regulation 41(4)) rules. The report is also hosted on the company's investor relations webpage. Signed by Jayshree Soni, Compliance Officer, on August 12, 2025, this is a standard quarterly compliance disclosure. The detailed contents of the monitoring report are not visible in this filing.
This is a routine quarterly compliance filing, so it usually has no immediate impact on the stock. However, investors should review the report for any flagged deviations, pending utilization, or concerns from ICRA regarding how IPO funds are being deployed, as that could affect future growth plans.