Monitoring agency report for the quarter ended March 31, 2026.

Glottis Limited, a logistics solution provider, has filed its Q4 FY2026 monitoring agency report for the IPO proceeds. The IPO raised Rs 1,599.99 million (September-October 2025), with Rs 712.56 million utilized as of March 31, 2026. Of the Rs 1,325.42 million allocated for capital expenditure on commercial vehicles and containers, only Rs 438.50 million (33%) has been deployed, leaving Rs 886.92 million unutilized. General corporate purposes (Rs 127.81 million) and issue expenses (Rs 146.25 million) are nearly fully utilized. There is a significant implementation delay: the company planned to utilize Rs 1,473.32 million by Fiscal 2026 but achieved only Rs 566.31 million. The company attributes this to ongoing vendor discussions for revised quotations. Unutilized funds (Rs 887.43 million) are parked in Kotak Bank fixed deposits earning 5.5-6.35% interest. No deviation from stated objects was reported.