Syrma SGS Technology Files Monitoring Agency Report for IPO Proceeds Utilisation for Quarter Ended March 31, 2026
Published on: May 13, 2026, 7:32 p.m. | Source: scanx.trade
Syrma SGS Technology Limited filed its Monitoring Agency Report for the quarter ended March 31, 2026, prepared by Crisil Ratings Limited, confirming no deviation from IPO proceeds utilisation as per the Offer Document. Cumulative net proceeds utilised stood at Rs 6,813.50 million out of Rs 7,257.22 million, with Rs 80.71 million deployed during the quarter towards capital expenditure. The remaining unutilised balance of Rs 443.72 million is parked in fixed deposits and a monitoring agency bank account, with the company planning to deploy the balance in Fiscal Year 2027.
