Enviro Infra Engineers Limited has submitted the Monitoring Agency Report from CRISIL RATINGS LIMITED for the quarter ended December 31, 2025. The report confirms the utilization of Initial Public Offer (IPO) proceeds. A total of ₹44,467.57 lakhs out of the gross proceeds of ₹51,727.25 lakhs were utilized during the period, with ₹7,259.68 lakhs remaining unutilized. Utilization was primarily directed towards General Corporate Purposes, including a loan to an associate entity for an HAM project.
Monitoring Agency Report Submission
Enviro Infra Engineers Limited announced on February 13, 2026, that it has submitted the required Monitoring Agency Report to the stock exchanges. This report, issued by CRISIL RATINGS LIMITED, covers the utilization of IPO proceeds for the quarter ending December 31, 2025.
IPO Proceeds Utilization Overview
The report details the progress against the objects outlined in the Offer Document, which totaled original costs of ₹51,727.25 lakhs based on the Gross Proceeds monitored by the Agency.
Cumulative Utilization Status (as of December 31, 2025)
- Total Proceeds Monitored: ₹51,727.25 lakhs.
- Total Utilized (Cumulative A+B): ₹44,467.57 lakhs.
- Total Unutilized Amount: ₹7,259.68 lakhs.
Progress by Object for the Quarter
For the quarter ended December 31, 2025:
- Working Capital Requirements: No utilization was recorded during this quarter. The cumulative utilized amount stands at ₹16,414.07 lakhs.
- Infusion into Subsidiary (EIEL Mathura): No utilization was recorded this quarter, as this object was fully utilized as of September 30, 2025.
- Repayment of Borrowings: No utilization was recorded this quarter, as this object was fully utilized as of December 31, 2024.
- Inorganic Growth / General Corporate Purposes (GCP): Utilization during the quarter amounted to ₹3,200.00 lakhs, bringing the cumulative utilization for this head to ₹13,053.49 lakhs.
Status of Unutilized Proceeds
As of the reporting date, the remaining unutilized funds of ₹7,386.00 lakhs (excluding interest earnings) have been parked in a HDFC Bank – FD maturing on September 23, 2026, yielding a Return on Investment of 6.30%. The market value of this deposit was ₹7,503.00 lakhs.
General Corporate Purpose (GCP) Deployment Detail
The utilized GCP amount of ₹3,200.00 lakhs during the quarter was deployed as follows:
- A Loan of ₹3,200.00 lakhs was given to Enviro Infra Engineers (Saharanpur) Private Limited for use as Promoter contribution for an HAM project.
- The Board of Directors approved this quantum of utilization on February 09, 2026, aligning with the disclosures made in the Prospectus dated November 27, 2024.
Compliance Confirmation
The Monitoring Agency confirmed that there were No deviations observed regarding the utilization of proceeds against the disclosed objects, and no material delays in implementation were noted.
Source: BSE
