Monitoring Agency Report for the Quarter ended December 31st 2025.
GANESHCP · price
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Ganesh Consumer Products submitted the Monitoring Agency Report for Q3FY26 (quarter ended December 31, 2025), prepared by CARE Ratings, covering the use of proceeds from its Rs. 130 crore IPO conducted in September 2025. Of the total, Rs. 68.35 crore has been utilized so far, including full repayment of Rs. 60 crore in WCDL loans (Rs. 30 cr each from Yes Bank and Axis Bank), Rs. 2.46 crore towards capex for a new roasted gram flour and gram flour manufacturing unit in Darjeeling, West Bengal, and Rs. 5.89 crore on issue-related expenses. Rs. 61.65 crore remains unutilized and is parked in bank balances and fixed deposits with Axis Bank and AU Small Finance Bank. The monitoring agency confirmed no deviation from the objects stated in the offer document, and the loan repayment was completed by October 30, 2025 with no delay.
This is a routine compliance filing that confirms IPO funds are being deployed as promised to investors, with the unutilized portion safely parked in bank FDs. No negative signals for shareholders — no deviation, no diversion, and the manufacturing unit capex is progressing within the March 2027 timeline.