Please find enclosed, Monitoring Agency Report received from CARE Ratings Limited (Monitoring Agency) for the quarter ended September 30, 2025.
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Awaiting price reaction for this filing.
Vraj Iron and Steel has submitted to the exchanges the quarterly Monitoring Agency Report prepared by CARE Ratings Limited for the quarter ended September 30, 2025. Monitoring Agency Reports are mandatory filings that track how money raised through a public issue (such as an IPO) is being spent against the stated objectives. The headline does not include the detailed findings, but the report itself, enclosed with the filing, will show whether the company has used the IPO proceeds as originally disclosed in its offer document. Shareholders can review the actual numbers in the attached CARE Ratings report for variances, if any, between planned and actual deployment of funds.
This is a routine regulatory compliance disclosure and is unlikely to move the stock on its own. However, any significant deviation or flagged concerns by CARE Ratings on fund utilization could attract investor attention and may be read as a negative governance signal.