Enviro Infra Engineers Limited has received its Monitoring Agency Report from CRISIL Ratings Limited for the quarter ended June 30, 2026. The report details the utilization of proceeds from the company’s Initial Public Offer (IPO) and confirms adherence to SEBI regulations. Key details include the progress against the stated objects and any deviations observed.
Enviro Infra Engineers’ Q2 2026 Monitoring Report Filed
Enviro Infra Engineers Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, as per SEBI regulations. The report, prepared by CRISIL Ratings Limited, addresses the utilization of funds raised through the company’s Initial Public Offer (IPO).
Key Findings and Utilization Status
The report confirms that the utilization of IPO proceeds is in line with the objects disclosed in the Offer Document. Specifically, for the quarter ended June 30, 2026, no proceeds were utilized during the reported quarter, with previous utilizations noted for specific objects.
The total issue size was Rs 65,030.04 lakhs, comprising a fresh issue of Rs 57,234.96 lakhs and an Offer for Sale (OFS) of Rs 7,795.08 lakhs. The net proceeds available were Rs 51,727.25 lakhs.
Objects of the Issue and Progress:
- Working Capital Requirements: Original cost: Rs 18,100.00 lakhs. Amount utilized as of June 30, 2026: Rs 18,099.07 lakhs. Unutilized: Rs 0.93 lakhs. No utilization during the reported quarter.
- Infusion in Subsidiary (EIEL Mathura): Original cost: Rs 3,000.00 lakhs. Amount utilized as of June 30, 2026: Rs 3,000.00 lakhs. Proceeds were fully utilized as at quarter ended September 30, 2025.
- Repayment/Prepayment of Borrowings: Original cost: Rs 12,000.00 lakhs. Amount utilized as of June 30, 2026: Rs 12,000.00 lakhs. Proceeds were fully utilized as at quarter ended December 31, 2024.
- Funding Inorganic Growth/General Corporate Purposes: Original cost: Rs 18,627.25 lakhs. Amount utilized as of June 30, 2026: Rs 13,053.49 lakhs. Unutilized: Rs 5,573.76 lakhs. No utilization during the reported quarter.
The report notes that the utilization for working capital requirements and inorganic growth/general corporate purposes has experienced a delay due to operational reasons, as indicated in Note 4 of the report.
The unutilized proceeds amounting to Rs 5,701.00 lakhs have been invested in a fixed deposit with HDFC Bank, earning a return of 6.30% and maturing on September 23, 2026.
Source: BSE
