SANATHAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ICRA Limited has issued the final monitoring agency report for Sanathan Textiles' IPO/QIP proceeds utilization for the quarter ended March 31, 2026. The company raised INR 550 crore (net proceeds of INR 374.899 crore after lower issue expenses of INR 3.947 crore). All three fund deployment objects have been fully completed: repayment of company borrowings (INR 160 crore), investment in subsidiary Sanathan Polycot Private Limited (INR 140 crore), and general corporate purposes (INR 74.899 crore). ICRA confirmed no material deviation from the stated objects of the issue and no delays in implementation. The report was reviewed by the Audit Committee on May 15, 2026.
Positive signal for investors as IPO funds have been fully and appropriately deployed with no material deviations from disclosed objects. This confirms proper utilization of the INR 374.899 crore raised and should provide confidence in the company's fund management.