Monitoring Agency Report for the Quarter ended 31st March, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Telge Projects Ltd submitted its second Monitoring Agency Report for Q4 FY26 (ending March 2026) to BSE, covering utilization of Rs. 27.24 crore raised through its IPO in September 2025. Brickwork Ratings India, the monitoring agency, confirmed no material deviations from the disclosed objects of the issue. About Rs. 9.56 crore has been utilized so far, with Rs. 17.68 crore remaining invested in fixed deposits earning 6.70% return. The company has fully deployed funds for computer equipment purchase and general corporate purposes. Two items including purchase of office premises at Pune remain ongoing. The board has approved some revisions to fund allocation including adding a new object for acquisitions worth Rs. 5 crore as per a resolution dated March 21, 2026.
For shareholders, this report provides assurance that IPO funds are being deployed largely as planned with no material deviations, though the board has made some reallocations to fund allocation objects. The substantial unutilized portion remains safely deployed in fixed deposits.