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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Shlokka Dyes, an SME-listed specialty chemicals company (BSE Scrip: 544582), has submitted the Monitoring Agency Report for the quarter ended December 31, 2025, related to its IPO proceeds. The company had raised gross proceeds of Rs. 5,778.86 lakhs through an IPO held from September 30 to October 14, 2025. The Monitoring Agency, Crisil Ratings Limited (CRL), has issued a 'Qualified Report – Issuer Not Cooperating' because Shlokka Dyes failed to provide the required documents and information despite multiple follow-ups between December 12, 2025 and February 5, 2026. As a result, CRL is unable to confirm whether IPO funds (earmarked for plant & machinery, debt repayment, working capital, general corporate purposes, and offer expenses) are being used as stated in the prospectus. Investors have been advised to exercise caution.
This is a significant red flag for shareholders and prospective investors. The company's refusal to share utilization data with its independent Monitoring Agency raises serious governance and transparency concerns shortly after its IPO. This could attract SEBI scrutiny, dent investor confidence, and put pressure on the stock price in the near term.