Pursuant to Regulation 32 of SEBI (LODR) Regulation, 2015, please find attached herewith the Monitoring Agency Report.
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Luxury Time Limited, a Delhi-based luxury watch retailer, filed its first Monitoring Agency Report covering the quarter ended December 31, 2025. The company recently raised Rs. 18.73 crore through its IPO in December 2025 at Rs. 82 per share, combining a fresh issue of Rs. 14.99 crore and an offer for sale of Rs. 3.74 crore. The IPO proceeds were earmarked for setting up 4 new retail outlets (Rs. 2.82 crore), working capital (Rs. 9 crore), general corporate purposes (Rs. 1.43 crore), and issue expenses (Rs. 1.40 crore). As of December 31, 2025, only issue expenses of Rs. 1.68 crore had been spent (an overrun of Rs. 0.28 crore to be recouped from internal accruals), while the balance Rs. 12.245 crore lies parked in Kotak Mahindra Bank fixed deposits earning 6.7% interest. Brickwork Ratings confirmed no deviation from the stated objects.
This is a routine regulatory filing confirming IPO funds are being deployed as disclosed, with no deviations. For shareholders, it provides reassurance that capital expenditure, working capital, and corporate spending are still pending and the bulk of proceeds remain in safe bank FDs earning 6.7%. Short-term stock impact is likely neutral since this is procedural rather than performance-related.