GNG Electronics Limited has informed the Exchange regarding the Monitoring Agency Report for the quarter ended March 31, 2026
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GNG Electronics Limited has submitted its Q4 FY26 monitoring agency report for the Rs. 400 crore IPO (July 2025). CARE Ratings Limited, the monitoring agency, confirms no deviations from the disclosed objects of the issue. Of the total IPO proceeds, Rs. 394.24 crore has been utilized, with Rs. 5.76 crore remaining unutilized in HDFC Bank accounts. The debt repayment objectives (Rs. 320 crore combined for company and subsidiary Electronics Bazaar FZC) and General Corporate Purpose funds (Rs. 46.42 crore) show zero utilization in Q4, with the company having already completed these repayments earlier. Issue expenses account shows Rs. 27.82 crore utilized out of Rs. 33.58 crore allocated.
The report indicates proper utilization of IPO proceeds as per the offer document with no material deviations or delays. This is a routine compliance filing that provides transparency to shareholders about fund deployment. The unutilized Rs. 5.76 crore in bank accounts represents remaining issue expenses to be paid.