Pursuant to regulation 32(6) of the SEBI (LODR) Regulations, 2015 and regulation 41 of SEBI (ICDR) Regulations, 2018 enclosing herewith monitoring agency report dated May 15, 2026 issued ....
JNKINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
JNK India Ltd has filed its quarterly monitoring agency report for the quarter ended March 31, 2026, confirming that IPO proceeds of Rs 2,816.99 million are being utilized in line with the prospectus. The company has utilized Rs 2,814.34 million out of the total proceeds, with Rs 2.65 million remaining unutilized. Of the unutilized amount, Rs 17.21 million was earmarked for bank guarantees for ongoing projects. There is a minor delay noted - the company planned to fully utilize Rs 2,646.50 million for working capital by Fiscal 2026 but has utilized only Rs 2,643.85 million, with the balance Rs 2.65 million to be utilized in Fiscal 2027. The net proceeds were revised downward by Rs 4.85 million due to higher-than-estimated issue expenses, which was adjusted against the working capital object. CRISIL Ratings Limited, the monitoring agency, has confirmed no major deviations from the disclosed objects.
This is a routine compliance filing with no material concerns. The minor delay in working capital utilization and small downward revision in net proceeds are not significant issues for shareholders. The company remains on track with its IPO fund deployment.