Please find attached herewith Monitoring Agency Report for the quarter ended March 31, 2026
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Shriram Asset Management Company has filed its Q4 FY2026 Monitoring Agency Report as required under SEBI regulations. The report covers the utilization of INR 105 crore raised through a Preferential Allotment issue that closed in April 2025. ICRA Limited, the appointed monitoring agency, has confirmed no deviation from the stated objects of the issue. Of the total proceeds, INR 75.78 crore remains unutilized and is deployed in liquid investments including Shriram Money Market Fund (₹53.83 crore), fixed deposit with Shriram Finance Ltd (₹20 crore), Shriram Liquid Fund (₹1.83 crore), and HDFC current account (₹0.12 crore), earning ₹2.19 crore in returns so far. The General Corporate Purpose allocation of ₹20 crore shows ₹5.54 crore deployed toward PMS business net worth requirement, share issue expenses, investment in SBI Corporate Debt Market Development Fund, and investment in MF Utilities India.
The filing confirms that the company is utilizing funds as disclosed in the offer document with no material deviations. This is a routine compliance filing that indicates proper fund deployment and no cause for shareholder concern at this stage.