Pursuant to Regulation 32(6) OF SEBI (LODR) Regulations, 2015 read with Regulation 41(4) of SEBI (Issue of Capital & Disclosure Requirements)Regulations 2018, Please find enclosed Monitoring ....
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NSB BPO Solutions Limited, an IT & BPM company, has filed its second Monitoring Agency Report for Q4 FY26 regarding the utilization of ₹64.13 crore raised through its IPO in September-October 2025. Brickwork Ratings, the appointed monitoring agency, confirmed that all fund utilization is in accordance with the objects stated in the Offer Document with no deviation or variation. The report shows that ₹21.88 crore was used for repayment of borrowings, ₹13 crore for capital expenditure on a new project, ₹9 crore for additional working capital for existing business, and ₹13.97 crore of ₹16 crore allocated for long-term working capital of the new project has been deployed (₹2.03 crore remains earmarked). Issue expenses of ₹4.15 crore out of ₹4.25 crore have been incurred, with ₹0.10 crore remaining in a Yes Bank current account.
For shareholders, this report is positive as it confirms the company is utilizing IPO proceeds exactly as promised in the offer document. The clean bill of health from an independent monitoring agency reduces regulatory risk and demonstrates good governance. All major objects have been completed as per schedule.