Om Power Transmission Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by CRISIL Ratings Limited, details the utilization of proceeds from the company’s Initial Public Offer (IPO). This filing is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report confirms that proceeds were utilized towards issue expenses.
Monitoring Agency Report Filed for Q2 FY27
Om Power Transmission Limited has officially submitted its Monitoring Agency Report for the financial quarter ending September 30, 2026. This report is a mandatory filing under Indian securities regulations, ensuring transparency in the utilization of funds raised through the company’s Initial Public Offer (IPO).
Report Details and Compliance
The report has been prepared by CRISIL Ratings Limited, the appointed Monitoring Agency, in accordance with Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The document provides an objective view of how the IPO proceeds have been used during the specified quarter.
Key Findings on Fund Utilization
According to the report, the proceeds from the IPO were utilized towards issue expenses during the quarter ended September 30, 2026. The report confirms that there were no deviations observed from the objects disclosed in the Offer Document, and all statutory approvals related to the objects have been obtained. The company’s Audit Committee and Board of Directors have reviewed and approved this report.
Deployment of Unutilized Proceeds
The report also details the deployment of unutilized proceeds. As of September 30, 2026, a significant portion of the funds remains invested in various fixed deposit instruments with HDFC Bank, earning a consistent return on investment of 6.25%. These investments are managed to provide earnings and maintain market value while awaiting further deployment.
Objects of the Issue
The primary objects of the IPO included funding capital expenditure requirements for machinery and equipment, pre-payment of certain outstanding borrowings, and funding long-term working capital requirements. A portion was also allocated for general corporate purposes, subject to SEBI regulations.
The company’s website, www.ompowertransmission.com, also hosts this information for public access.
Source: BSE
