Monitoring Agency Report for the half year ended 31st march 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sharvaya Metals Limited submitted its Q4FY26 monitoring agency report for the Rs. 58.80 crore IPO (September 2025). The monitoring agency (Infomerics Valuation and Rating Limited) confirmed no deviations from stated objects of the issue. As of March 31, 2026, Rs. 28.89 crore of net proceeds has been utilized out of Rs. 41.87 crore available, with Rs. 20.47 crore remaining in fixed deposits and monitoring account. Working capital utilization stands at Rs. 7.48 crore (of Rs. 9 crore), civil construction at Rs. 0.60 crore (of Rs. 5.17 crore), plant and machinery at Rs. 16.15 crore cumulative (of Rs. 20.40 crore), and general corporate purposes fully utilized at Rs. 7.30 crore. Issue expenses were Rs. 6.49 crore versus estimated Rs. 7.13 crore. No implementation delays reported. The company is expanding into aluminium extrusion with 8,000 MTPA capacity. Note: The CA certificate was issued by a firm that is neither a statutory auditor nor peer-reviewed.
The report shows normal progress in IPO fund utilization with no material deviations, which is positive for shareholder confidence. The significant unutilized balance (~49% of net proceeds) reflects ongoing capital expenditure for the aluminium extrusion expansion. No red flags for investors.