BlackBuck Limited has released its latest monitoring agency report for the quarter ending March 31, 2026. The report confirms that the company has adhered to its stated objects for the use of ₹550 crore in proceeds from its Initial Public Offering. No deviations were observed, and project implementations remain on schedule, with significant progress made in sales, marketing, and product development expenditures throughout the fiscal year.
Utilization Status Overview
The monitoring agency review for the quarter ended March 31, 2026, confirms that BlackBuck Limited’s utilization of funds is fully in line with the disclosures made in the company’s offer document. With no deviations reported, the company continues to demonstrate disciplined financial management of its ₹550 crore IPO proceeds.
Progress on Key Expenditure Areas
The company has actively deployed funds across several strategic growth pillars:
- Sales and Marketing: Of the ₹200 crore allocated, ₹137.297 crore has been utilized to date.
- NBFC Capital Base: The ₹140 crore investment earmarked for BlackBuck Finserve Private Limited was fully utilized by December 31, 2025.
- Product Development: Expenditure in this area has reached ₹45.375 crore against an original allocation of ₹75 crore.
- General Corporate Purposes: The company has utilized ₹121.689 crore of the ₹135 crore designated for general corporate requirements.
Deployment of Unutilized Proceeds
As of the end of the quarter, the remaining unutilized proceeds are being prudently managed through secure financial instruments. A total of ₹110.216 crore is currently deployed, primarily in high-yield fixed deposits with major banks like Axis Bank and Kotak Bank, ensuring capital preservation while generating interest income for the company.
Source: BSE
