Monitoring Agency Report for the quarter and half year ended March 31, 2026
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Monika Alcobev Limited has submitted its monitoring agency report for H2-FY2025-26, covering the utilization of INR 137.03 crore raised through its IPO in July 2025. The monitoring agency, Acuite Ratings & Research Limited, has confirmed that all fund utilization is in line with the disclosures made in the Offer Document, with no deviations observed. Of the total IPO proceeds, INR 131.03 crore has been utilized, while INR 6.00 crore remains unutilized and is deployed as Fixed Deposits with IndusInd Bank (maturing November 2026). The largest allocation of INR 100.64 crore was for working capital requirements, of which INR 94.64 crore has been deployed so far. The remaining objects including repayment of borrowings (INR 11.45 crore), general corporate expenses (INR 7.77 crore), and issue expenses (INR 17.17 crore) have been fully utilized. No unfavorable events affecting the viability of the objects were reported.
This is a routine compliance filing indicating smooth utilization of IPO proceeds as per the disclosed objects. The INR 6.00 crore unutilized amount being held in fixed deposits is standard practice and not a concern. Shareholders can take comfort that there are no deviations from the stated use of IPO funds.