Syrma SGS Technology Limited has released its monitoring agency report for the quarter ended December 31, 2025. The report, issued by CARE Ratings Limited, indicates that Rs. 66.538 crore was utilized towards working capital loan repayment. Additionally, the company has acquired 60% of Elcome Integrated Systems Private Limited for approximately Rs. 235 crore through primary and secondary investments.
Q3 Fund Utilization
For the quarter ending December 31, 2025, Syrma SGS allocated Rs. 66.538 crore towards repaying working capital loans. The remaining unutilized amount of Rs. 0.048 crore from the previous quarter was also deployed for working capital needs during this period.
Acquisition of Elcome Integrated Systems
Syrma SGS has completed the acquisition of 60% stake in Elcome Integrated Systems Private Limited for an aggregate consideration of approximately Rs. 235 crore. This investment was made through a combination of primary and secondary investments, as stated in the report.
Issue-Related Expenses
The company incurred Rs. 4.547 crore in issue-related expenses. These expenses were initially paid using the company’s Cash Credit account and subsequently reimbursed using funds from the Monitoring Account.
Overall Observation
The Monitoring Agency confirms that there are no deviations observed from the last monitoring agency report. All fund utilization is aligned with the disclosures made in the Offer Document.
Source: BSE
