Report of the Monitoring Agency for the quarter ended March 31, 2026
RKSWAMY · price
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R K Swamy Ltd has filed its quarterly monitoring agency report for Q4 FY26, covering utilization of its IPO proceeds raised in March 2024 (gross proceeds Rs 1,730 million, net proceeds Rs 1,563.25 million). The monitoring agency is CRISIL Ratings Limited. Out of Rs 1,563.25 million net proceeds, Rs 1,114.02 million has been utilized and Rs 449.23 million remains unutilized. Working capital (Rs 540 million) and General Corporate Purpose funds (Rs 362.62 million) are fully utilized. The DVCP Studio project has seen zero utilization so far (Rs 109.85 million allocated), while IT infrastructure development has used Rs 126.75 million of Rs 333.42 million, and CEC/CATI setup has used Rs 84.65 million of Rs 217.36 million. The Board approved a 3-year extension to March 31, 2029 for spending remaining IPO proceeds, citing delays in finding appropriate premises for the studio and prudent alignment with business needs. No deviations from the offer document objects were reported.
The filing confirms proper use of IPO funds with no material deviations, but the DVCP Studio remains completely unused and overall deployment is lagging. The 3-year timeline extension is significant — shareholders should monitor whether the delayed projects generate expected returns given market conditions.