Happy Forgings Limited Submits Q4FY26 Monitoring Agency Report to Stock Exchanges
Published on: May 5, 2026, 1:30 p.m. | Source: scanx.trade
Happy Forgings Limited submitted its monitoring agency report for the quarter ended March 31, 2026, to BSE and NSE on May 05, 2026. The report, prepared by ICRA Limited, confirmed that the company has fully utilized its IPO proceeds of INR 377.823 crore across three main objects: purchase of equipment and plant machinery (INR 171.126 crore), prepayment of borrowings (INR 152.760 crore), and general corporate purpose (INR 53.937 crore). The monitoring agency observed no deviations from the objects of the issue, and all three objects have been completed. The company confirmed that there were no comments from the Audit Committee and Board of Directors on the report.
