Regulation 32 for the quarter ended 31st March 2026
HILINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Highway Infrastructure Limited filed its quarterly IPO fund utilization report under SEBI Regulation 32 for Q4 FY2025-26. The company raised Rs. 97.52 crore through its IPO (Aug 2025), with net proceeds of Rs. 82.88 crore after deducting IPO expenses of Rs. 14.64 crore. As of March 31, 2026, Rs. 82.80 crore (99.9%) has been deployed towards working capital requirements (Rs. 80.93 crore) and general corporate purposes (Rs. 1.87 crore). Only Rs. 0.08 crore remains unutilized in the monitoring account. The monitoring agency (Infomerics Valuation) and statutory auditors confirmed no material deviations from the disclosed objects. The company utilized excess funds for working capital as permitted by the prospectus, with board approval dated May 13, 2026. Some funds remain pending deployment due to operational reasons, with the company committing to full utilization by May 31, 2026.
The filing indicates proper utilization of IPO proceeds in line with stated objectives. The minor delay in fund deployment and small unutilized balance are not material concerns, as both auditors and the monitoring agency have certified compliance. This should be viewed neutrally by investors, as the company appears to be on track with its IPO objectives despite operational delays.