Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed Monitoring Agency Report towards utilization of proceeds of the Initial Public Offer for the quarter ended 31st December, 2025, issued by Crisil Ratings Limited, duly reviewed and taken on record by the Board of Directors and the Audit Committee of the Company on 4th February, 2026. Further, we hereby confirm that there has been no deviation in the utilization of Issue proceeds from the objects as stated in the Prospectus of the Initial Public Offer.
JSWCEMENT · price
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JSW Cement has submitted a Monitoring Agency Report, prepared by Crisil Ratings, on how it used the money raised through its Initial Public Offer during the quarter ended 31st December 2025. The report was reviewed and approved by both the company's Board of Directors and Audit Committee on 4th February 2026. The filing is made under SEBI regulations that require listed companies to track and disclose how IPO funds are spent. Importantly, the company has confirmed that there has been no deviation from the purposes disclosed in the IPO Prospectus — meaning the funds are being used as originally promised to investors.
For shareholders, this is a routine but reassuring compliance update. No deviation means the company is sticking to its stated IPO spending plan, which reflects good governance and execution discipline. This is unlikely to move the stock on its own but reinforces investor confidence in management's transparency.