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 andExchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, pleasefind 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 and nine months ended December 31, 2025, by ICRA Limited, the Monitoring Agency. This report will also be hosted on the Company s website.
GANDHAR · price
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Awaiting price reaction for this filing.
Gandhar Oil Refinery has submitted the Monitoring Agency Report on the use of proceeds from its Initial Public Offer (IPO) for the quarter and nine months ended December 31, 2025. The report has been prepared by ICRA Limited, which serves as the Monitoring Agency for the IPO. This filing is a routine SEBI compliance requirement under the Listing Regulations and ICDR Regulations, and the report has also been hosted on the company's website for public access.
This is a routine regulatory compliance filing and does not directly impact the stock price. However, transparency in how IPO funds are being deployed provides comfort to shareholders about proper utilization of capital raised.