Monitoring Agency Report for the quarter ended March 31, 2026
KALPATARU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CARE Ratings Limited, the Monitoring Agency for Kalpataru's IPO of Rs. 1,590 crore (June 2025), has submitted its Q4 FY26 report confirming that 99.3% of IPO proceeds (Rs. 1,579.06 crore) have been utilized. All borrowings repayment totaling Rs. 1,192.50 crore (Rs. 333.26 crore for the Company and Rs. 859.24 crore for subsidiaries) has been completed. General Corporate Purpose utilization stands at Rs. 316.28 crore with Rs. 8.47 crore pending deployment in Q1 FY27, while issue expenses are at Rs. 70.28 crore with Rs. 2.47 crore remaining. The monitoring agency has certified no material deviations from the offer document, with all utilization verified by KKC & Associates (CA Certificate dated April 30, 2026). The unutilized Rs. 10.94 crore is deployed in ICICI Bank accounts.
Positive signal for investors as the IPO proceeds are being utilized as stated in the prospectus with no deviations, indicating proper governance and adherence to stated objectives.