Munish Forge Limited Submits First Monitoring Agency Report for Period Ended March 31, 2026
Published on: May 16, 2026, 3:40 a.m. | Source: scanx.trade
Munish Forge Limited submitted its First Monitoring Agency Report for the period ended March 31, 2026, covering IPO proceeds of ₹73.92 crore raised via Fresh Issue and Offer for Sale of equity shares. Brickwork Ratings India Private Limited, the appointed monitoring agency, confirmed no deviations from the offer document objects. Key allocations including working capital requirements (₹30.00 crore) and debt repayment (₹9.70 crore) were fully utilised, while capital expenditure and general corporate purposes remain partially deployed. Unutilised proceeds were parked in bank accounts and fixed deposits with Yes Bank at a return of 3.50%.
