Monitoring Agency Report for the Quarter/ Half Year ended 30th September 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
LGT Business Connextions, a Chennai-based travel and tourism service aggregator, filed its Monitoring Agency Report for the quarter ended September 30, 2025, certified by Infomerics Valuation and Rating. The company raised Rs. 28.09 crore through its public issue in August 2025 (23,62,800 fresh shares at Rs. 107 each), with net proceeds of Rs. 21.92 crore for the company after issue expenses. During the quarter, Rs. 4.60 crore was utilized: Rs. 1.10 crore for capital expenditure (corporate office purchase in Chennai, Travel Cloud Suite, Customer Care Centre), Rs. 0.27 crore for working capital, and Rs. 3.24 crore for general corporate purposes. The remaining Rs. 17.32 crore sits unutilized in current accounts at IndusInd Bank (Rs. 9.00 crore) and Bank of India (Rs. 8.63 crore). The report confirms no deviation from objects, no delays in implementation, and all statutory approvals are in place.
This is a routine regulatory disclosure with no negative findings for shareholders. The company has used only about 21% of its IPO proceeds in the first quarter, which is normal for an SME listing. No diversion of funds or deviation from stated purpose was detected, which is reassuring for investors. The large unutilized balance in bank current accounts does not yet earn meaningful returns, but the capital expenditure plans (office purchase, technology systems) are progressing as planned.