Awfis Space Solutions has released its Monitoring Agency Report for the quarter ended December 31, 2025 (Q3 FY26). The report, issued by CARE Ratings Limited, confirms that issue proceeds are being utilized as disclosed in the offer document. No material deviations were observed, and the funds are being deployed towards the establishment of new centers and working capital requirements. Approximately ₹1.40 crore remains unutilized for issue-related expenses.
Monitoring Agency Findings
Awfis Space Solutions announced the Monitoring Agency Report for the quarter ending December 31, 2025 (Q3 FY26). CARE Ratings Limited, the monitoring agency, reported that the utilization of funds is aligned with the disclosures made in the company’s offer document. The report indicates no deviations in the use of proceeds.
Utilization of Funds
The monitoring agency confirms that the IPO proceeds are being directed towards the intended purposes, including funding capital expenditure for establishing new centers and covering working capital needs. As of the end of Q3 FY26, the amount utilized for capital expenditure for new centers is ₹42.03 crore, and ₹54.41 crore has been allocated towards working capital requirements.
General Corporate Purpose (GCP)
As per the report, the amount allocated for general corporate purposes remained unutilized during the quarter. The company intends to use these funds for meeting ongoing general corporate expenses, exigencies, contingencies, and capital expenditure to meet certain business requirements.
Unutilized Funds
The report indicates that approximately ₹1.40 crore remains unutilized as of December 31, 2025. This amount is held in an ICICI Bank account and is earmarked for future issue-related expenses, which are pending due to outstanding invoices from vendors.
Source: BSE
