Monitoring Agency Report for the quarter and year ended 31st march,2026.
SRTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shree Ram Twistex Limited's IPO (closed February 23-25, 2026) raised Rs 11,024 lakh (net proceeds Rs 10,523.55 lakh). Monitoring agency CRISIL RATINGS confirms that Rs 7,623.55 lakh (72.6%) has been deployed as of March 31, 2026. The solar power plant (Rs 734.55 lakh), loan repayment to SIDBI (Rs 1,489 lakh), and working capital funding (Rs 4,400 lakh) have been fully utilized. However, the 4.2 MW wind power plant project shows delay—only Rs 500 lakh of the Rs 3,900 lakh allocated has been deployed, leaving Rs 3,400 lakh unutilized. Rs 3,400.45 lakh remains in the public offer account with Axis Bank. No deviations from the Offer Document objects were observed.
The wind power plant project is behind schedule, which may delay expected cost savings from renewable energy. The significant unutilized IPO funds (Rs 3,400 lakh) sitting idle represent opportunity cost for the company. However, no misuse of funds was detected, and all major allocations (solar, debt repayment, working capital) are on track.