Monitoring Agency Report for the Fourth Quarter and Year Ended March 31, 2026 of the Company.
SANSTAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sanstar Ltd's monitoring agency Acuité Ratings has submitted its Q4 FY2025-26 report on the utilization of IPO proceeds from the July 2024 public issue of INR 397.10 crore. The report confirms no deviation from the objects disclosed in the Offer Document. Out of the total proceeds, INR 392.79 crore has been utilized, with INR 4.31 crore remaining unutilized for the Dhule facility expansion. The Dhule expansion has seen INR 177.25 crore deployed against the planned INR 181.56 crore. Repayment of borrowings (INR 100 crore), General Corporate Purposes (INR 81.93 crore), and Issue Expenses (INR 33.62 crore) have been fully utilized. No material deviations, unfavorable events, or changes in means of finance were observed.
Positive for shareholders — the company is on track with its IPO commitments, having deployed 99% of funds as intended with no deviations reported. The INR 4.31 crore unutilized for Dhule expansion is minor and likely to be deployed in upcoming quarters.