Annu Projects Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, issued by ACER Credit Rating Private Limited, confirms that the utilization and application of funds raised through the Initial Public Offer (IPO) are in line with the stated objects outlined in the Offer Document. Key areas of fund deployment include capital expenditure for machinery and equipment, working capital requirements, and general corporate purposes.
Monitoring Agency Report Submitted for Q3 2026
Annu Projects Limited has officially submitted its Monitoring Agency Report for the quarter that concluded on September 30, 2026. This report, prepared by ACER Credit Rating Private Limited, provides an objective overview of how the funds raised from the company’s Initial Public Offer (IPO) have been utilized during the specified period. The information is in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Fund Utilization Overview
The report indicates that the utilization of IPO proceeds is consistent with the disclosures made in the Offer Document. The total gross proceeds from the IPO amounted to ₹15,456.80 lakh. As of September 30, 2026, the total utilized amount stood at ₹7,029.81 lakh, leaving an unutilized balance of ₹10,476.36 lakh.
Breakdown of Fund Deployment
The deployment of funds is categorized across several key areas:
- Funding capital expenditure for machinery or equipment: An amount of ₹1,540.80 lakh was earmarked for this purpose. The company has placed purchase orders for drilling machines, with initial utilization recorded as ₹0.00 lakh during the quarter.
- Funding working capital requirements: A significant portion of ₹11,500.00 lakh is allocated to working capital. During the quarter, ₹5,442.40 lakh was utilized, contributing to the overall working capital needs for FY2027 and FY2028.
- General corporate purposes: The company has allocated ₹2,416.00 lakh for general corporate purposes. No utilization was recorded for this head during the quarter.
- Issue Expenses: A sum of ₹2,049.37 lakh was proposed for issue expenses, with ₹1,587.41 lakh utilized as of the quarter’s end, leaving an unutilized amount of ₹461.96 lakh.
Unutilized Proceeds and Investments
The unutilized proceeds, amounting to ₹10,475.91 lakh, have been deployed in various interest-bearing instruments. These include fixed deposits with HDFC Bank Ltd and Union Bank of India, along with a balance held in the Issue Account.
Object Implementation Progress
The implementation of the objects is as per the offer document, with projected completion dates in FY 2027-28. The report notes no significant delays or deviations in the implementation of the outlined objectives.
Source: BSE
