Monitoring Agency Report for the quarter ended 31st March 2026, issued by Brickwork Ratings India Private Limited (Monitoring Agency).
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Luxury Time Ltd submitted its Q4 FY2026 Monitoring Agency Report by Brickwork Ratings. The company raised Rs. 18.73 crore via IPO (Fresh Issue Rs. 14.99 crore + OFS Rs. 3.74 crore) in December 2025. Of the allocated funds, Rs. 2.82 crore for retail store expansion, Rs. 9 crore for working capital, and Rs. 1.43 crore for general corporate purposes remain completely unutilized as of March 31, 2026. Issue expenses of Rs. 1.68 crore were deployed (vs. Rs. 1.74 crore planned). Rs. 12.245 crore of unutilized proceeds are parked in Fixed Deposits with Kotak Mahindra Bank earning 6.7% interest. No deviations from objects were reported, though General Corporate Purpose utilization is delayed beyond the planned FY 2025-26 timeline due to market conditions. Rs. 0.07 crore is recoverable from promoter selling shareholders but not yet credited.
The filing shows IPO funds are safely deployed in FDs with no misuse reported. The delay in retail store expansion and GCP utilization may raise questions about execution timelines, but funds remain protected and available for future deployment.