Armee Infotech Limited has released its Monitoring Agency Report for the quarter ended September 30, 2026. The report, prepared by Brickwork Ratings India Private Limited, details the utilization of proceeds raised through a fresh issue of equity shares. The company raised ₹300.00 crore in this public issue. As of the reporting date, the utilization of funds is being monitored according to regulatory requirements.
Monitoring Agency Report Released for Q3 2026
Armee Infotech Limited has officially submitted its Monitoring Agency Report, covering the financial quarter that concluded on September 30, 2026. This report is a regulatory requirement for companies that have raised funds through public issuances and is prepared by an independent monitoring agency. For this report, Brickwork Ratings India Private Limited served as the Monitoring Agency.
Issue Details and Proceeds
The report pertains to the utilization of proceeds from a Fresh Issue of Equity Shares undertaken by Armee Infotech Limited. The total issue size aggregated to ₹300.00 Crore. The funds were raised through the public issue, with the subscription amount initially held in escrow accounts and subsequently transferred to the company’s designated public issue bank account.
Utilization of Funds
As of September 30, 2026, the company had utilized ₹28.85 crore out of the total issue proceeds. The primary objects for which the funds were raised include securing performance bank guarantees for business expansion, funding working capital requirements, prepayment or repayment of certain outstanding borrowings, general corporate purposes, and issue expenses. The remaining unutilized amount stood at ₹271.15 crore.
Monitoring and Compliance
The Monitoring Agency confirmed that the utilization of funds is in line with the disclosures made in the Offer Document, with no material deviations reported. The report also verifies that relevant statutory approvals have been obtained and that all arrangements pertaining to technical assistance and collaboration are in operation. The MA does not perform an audit and relies on information provided by the issuer and their appointed chartered accountants.
Source: BSE
