Report of the Monitoring Agency for quarter ended December 31, 2025.
RKSWAMY · price
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CRISIL Ratings, the monitoring agency, has submitted its quarterly report on R K Swamy's use of IPO proceeds. The company raised Rs. 1,730 million in fresh issue in March 2024, with net proceeds of Rs. 1,563.25 million. As of December 31, 2025, Rs. 1,047.96 million has been utilized, leaving Rs. 515.29 million unutilized. Working capital (Rs. 540 million) and general corporate purposes (Rs. 362.62 million) are fully deployed. The DVCP Studio project (Rs. 109.85 million) has seen zero utilization, while IT infrastructure (Rs. 263.48 million unutilized) and the new CEC and CATI setup (Rs. 141.96 million unutilized) are partially deployed. Unused funds are parked in fixed deposits with HDFC Bank, Bank of Baroda, and Union Bank of India, earning 6.15% to 6.60% interest. No deviation from the stated objects or implementation delays have been reported.
The report shows R K Swamy is on track with its IPO spending plan, with no deviations or delays flagged. About 67% of net IPO proceeds have been deployed so far, and idle funds are earning reasonable interest. For shareholders, this is a routine, neutral disclosure — it signals governance discipline but does not change the investment thesis on its own.