Report of the Monitoring Agency for the quarter ended March 31, 2026
GEMAROMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CRISIL Ratings Limited, the monitoring agency, has submitted its final report confirming that the Rs 1,750 million IPO proceeds have been fully deployed as of March 31, 2026. The funds were used for repayment of borrowings (Rs 1,400 million) and general corporate purposes (Rs 233.21 million). Issue expenses came in lower than estimated by Rs 4.58 million, which was reallocated to general corporate purposes. No deviations from the offer document were observed, and there were no delays in implementation.
This final monitoring report confirms proper utilization of IPO funds as promised, which is positive for shareholder confidence. The company has completed its post-IPO deployment obligations, reducing uncertainty around fund usage.