Kindly find herewith attached Monitoring agency report for the quarter and year ended on March 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HRS Aluglaze Ltd has submitted its quarterly monitoring agency report for Q4 FY2026, as required under SEBI regulations for companies that raised funds through IPO. The company raised Rs. 50.92 crore via fresh issue of equity shares in December 2025. Brickwork Ratings, the appointed monitoring agency, has confirmed that funds are being utilized as per the offer document with no deviations observed. Of the total proceeds, Rs. 11.39 crore has been deployed towards capital expenditure for the assembly and glass glazing line in Rajoda, Ahmedabad, Rs. 18.47 crore towards working capital requirements, Rs. 7.61 crore for general corporate purposes, and Rs. 6 crore for issue expenses. The unutilized amount of Rs. 7.5 crore has been deployed in SBI fixed deposits earning 6.25% interest.
This is a routine compliance filing indicating proper utilization of IPO proceeds. The monitoring agency has found no material deviations or unfavorable events, which is a positive sign for investors regarding fund deployment.