Monitoring Agency Report issued by CRISIL Ratings Limited for the utilization of proceeds raised through issuance of Equity Shares by way of the Initial Public Offer (IPO) of the Omnitech Engineering Limited ( the Company ) for the quarter ended March 31, 2026

CRISIL Ratings Limited has issued its monitoring agency report for Omnitech Engineering's IPO proceeds utilization for Q4 FY26. The IPO raised Rs 4,180 million (net proceeds Rs 3,917.41 million) with shares issued between February 25-27, 2026. Of the total proceeds, Rs 1,354.50 million (32.4%) has been deployed as of March 31, 2026, with Rs 2,825.50 million remaining unutilized. The company has fully utilized the Rs 500 million allocated for debt repayment and deployed Rs 511.97 million of the Rs 894.85 million general corporate purposes (GCP) budget towards salaries, plot purchase at GIDC Sanand, and advance tax payment. However, there is a noted delay in capital expenditure deployment—the company had estimated utilizing Rs 1,295.48 million for new facilities by FY26 but achieved only Rs 667.72 million, attributed to proceeds being received near financial year-end. The unutilized funds are temporarily invested in fixed deposits with Union Bank of India and Axis Bank totaling Rs 2,100 million, plus balances in monitoring and escrow accounts.