NPST Limited has submitted the Report of Monitoring Agency on the use of proceeds raised through Preferential Allotment for the quarter and year ended March 31, 2026 pursuant to Regulation 32(6) of SEBI LODR Regulations 2015
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NPST Limited has submitted its quarterly monitoring agency report for Q4FY26 as required under SEBI regulations. The company raised Rs. 300 crore through preferential allotment last year. Of this, only Rs. 22.14 crore (about 7.4%) has been utilized so far, leaving Rs. 277.86 crore unutilized. In Q4FY26 alone, the company spent Rs. 13.81 crore, including Rs. 4.66 crore invested in its Dubai-based wholly owned subsidiary (NPST Global Solutions LLC) for global expansion, Rs. 7.95 crore on product development including hardware, salaries, and cloud infrastructure, and Rs. 0.82 crore on rent expenses. The unutilized funds are parked in fixed deposits with ICICI Bank, Indian Overseas Bank, and AU Small Finance Bank. CARE Ratings confirmed no deviation from stated objects. A qualified report was issued for Q3FY26 due to certain observations.
The slow pace of utilization (only 7.4% deployed in nearly 7 months since fund receipt) could concern investors seeking faster deployment. However, the funds are safely parked in FDs and the company has started international expansion with Dubai subsidiary setup. Full deployment timeline is 24 months from September 2027.