Monitoring Agency Report for the Quarter ended March 31, 2026
PROSTARM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prostarm Info Systems submitted its Q4 FY2025-26 monitoring report for INR 168 crore IPO proceeds (May 2025). The monitoring agency Acuite Ratings confirmed no deviations in three of five objects. Working capital (INR 72.5 Cr), debt repayment (INR 17.96 Cr), general corporate purposes (INR 42 Cr), and issue expenses (INR 23.06 Cr) are fully utilized. However, INR 12.48 crore earmarked for unidentified acquisitions and strategic initiatives remains completely unutilized as of March 31, 2026. The company states it evaluated multiple domestic and international opportunities but none met its strategic and financial criteria. The unutilized funds (INR 12.48 Cr) are currently parked in ICICI Bank fixed deposits earning 6.25-6.40% interest. The company plans to seek shareholder approval to redirect these funds toward working capital needs, citing higher operational requirements due to business growth.
The IPO utilization report shows 93% deployment overall with one object delayed. The company needs shareholder approval to redeploy INR 12.48 crore from acquisitions to working capital, which may have a minor positive signal for liquidity. No negative impact on operations is indicated as funds remain safely invested in FDs.