Ceigall India Limited has submitted its Monitoring Agency Report for the quarter and year ended March 31, 2026. The report, issued by ICRA Limited, indicates no material deviation in the utilization of proceeds from the company's Initial Public Offer (IPO). The Audit Committee reviewed the report on May 6, 2026. The utilization of IPO proceeds is in line with the stated objects of the issue. A minor reallocation of ₹0.158 crore, originally earmarked for debt repayment, was redirected to General Corporate Purposes. Additionally, ₹31.276 crore of the IPO proceeds were utilized for Issue-Related Expenses. The report confirms that all objects, including equipment purchase, repayment of borrowings for the company and its subsidiary, and general corporate purposes, are on schedule for completion by Fiscal 2025. The total IPO issue size was ₹1252.663 crore, with net proceeds of ₹652.308 crore available for utilization by the company.
