SHANTIGOLD · price
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Shanti Gold International Ltd submitted its Q4 FY2025-26 Monitoring Agency Report by Acuité Ratings and Research Limited for the INR 360.11 Cr IPO completed in July 2025. The report confirms no deviation from the stated objects of the issue - all fund utilization is in line with the Offer Document disclosures. Of the total INR 360.11 Cr raised, INR 314.86 Cr has been utilized as of March 31, 2026. Working capital requirements of INR 200 Cr and debt repayment of INR 17 Cr have been fully utilized. INR 46 Cr has been deployed towards the proposed Jaipur Facility (out of INR 46.30 Cr allocated). The unutilized amount of INR 45.25 Cr is deployed in Fixed Deposits (INR 44.18 Cr) with Yes Bank earning 6.30-6.70% interest, and balances in monitoring and public issue accounts. The monitoring agency has no comments or concerns regarding the utilization.
This is a routine compliance filing with a clean bill of health from the monitoring agency. All IPO proceeds are being deployed as disclosed, with no material deviations. The significant unutilized balance held in FDs indicates the company is maintaining capital discipline while deployment to objects continues. Shareholders can take comfort that funds are being tracked and deployed as per commitments.