Revised Monitoring Agency Report for Quarter and Year ended March 31, 2026.
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Sambhv Steel Tubes Ltd has submitted a revised Monitoring Agency Report by CARE Ratings for Q4 FY26 (ending March 31, 2026) regarding utilization of its Rs. 440 crore IPO proceeds. The revision supersedes the earlier report submitted on May 09, 2026, but there are no changes in figures or comments. Of the Rs. 440 crore raised, Rs. 438.30 crore (99.6%) has been utilized: Rs. 390 crore fully used for debt repayment, Rs. 20.96 crore of Rs. 22.46 crore for General Corporate Purposes, and Rs. 27.34 crore of Rs. 27.55 crore for issue expenses. Rs. 1.70 crore remains unutilized in a Kotak Mahindra Public Issue Account. The General Corporate Purposes utilization is delayed—the company missed the March 2026 deadline and has extended the timeline to September 30, 2026. No deviations from the IPO objects were observed.
For shareholders, this filing provides assurance that IPO funds are being largely deployed as promised with no material deviations. The minor delay in GCP utilization is procedural but unlikely to materially impact the stock. The revision itself is administrative and carries no new information.