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 and half year ended September 30, 2025, by ICRA Limited, the Monitoring Agency.
GANDHAR · price
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Gandhar Oil Refinery has submitted the Monitoring Agency Report on the use of IPO proceeds for the quarter and half year ended September 30, 2025. The report has been issued by ICRA Limited, the company's appointed Monitoring Agency, as required under SEBI's Listing Obligations and Disclosure Requirements Regulations and Issue of Capital and Disclosure Requirements Regulations. This is a routine compliance filing mandated for companies that have raised funds through an IPO, confirming that an independent agency is tracking how the issue proceeds are being deployed. The detailed contents of the report (actual utilization figures, deviations if any) are not included in this filing summary and would need to be reviewed in the attached document.
This is a standard regulatory disclosure and is unlikely to have any direct impact on the stock price. Investors should review the attached report to check whether IPO funds are being used as originally disclosed in the prospectus.