Armee Infotech Limited has submitted its Monitoring Agency Report concerning the utilization of proceeds raised from its public issue of equity shares. The report, prepared by Brickwork Ratings India Private Limited, covers the quarter ended September 30, 2026. The company raised ₹300.00 crore through the fresh issue of equity shares. This disclosure aligns with SEBI regulations, ensuring transparency for stakeholders regarding the deployment of funds raised.
Monitoring Agency Report Filed
Armee Infotech Limited has officially submitted its Monitoring Agency Report for the quarter ending September 30, 2026. This report details the utilization of funds raised through the company’s recent public issue of equity shares.
Funds Raised and Utilization
The company successfully raised an aggregate amount of ₹300.00 crore through the Fresh Issue of Equity Shares. As of September 30, 2026, the amount utilized from these proceeds was ₹28.85 crore, with the remaining ₹271.15 crore unutilized. The report indicates that the utilization of funds is in line with the objects disclosed in the offer document, with no material deviation observed in the objects or purposes for which the funds have been raised. The funds for specific objects like securing PBGs for business expansion, working capital, and general corporate purposes remain largely unutilized as of the reporting date, with most planned completion dates extending up to FY27 and FY28. The issue expenses incurred amounted to ₹36.23 crore, with ₹28.85 crore utilized and ₹7.38 crore remaining as of September 30, 2026.
Regulatory Compliance
This report is prepared in accordance with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulations 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report has been verified by Kantilal Patel & CO. Chartered Accountants and provides a true and fair view of the utilization of the issue proceeds in relation to the objects of the issue.
Information Verification
The information provided in the report has been verified from the company’s bank statements, prospectus, invoices, company statements, and CA certificates dated November 05, 2026.
Source: BSE
