Gaja Alternative Asset Management Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, to the National Stock Exchange and BSE Limited. The report, issued by CARE Ratings Limited, details the utilization of funds raised through its Initial Public Offer (IPO) in accordance with SEBI regulations. The company has confirmed that the utilization of IPO proceeds aligns with the objects specified in the offer document.
Gaja Capital Submits Monitoring Agency Report for Q2 FY27
Gaja Alternative Asset Management Limited has officially submitted its Monitoring Agency Report for the second quarter of the financial year 2027, which concluded on September 30, 2026. This report is a crucial regulatory filing, detailing the utilization of proceeds from the company’s Initial Public Offer (IPO).
Key Details of the Report
The report, prepared by CARE Ratings Limited, confirms that the utilization of the IPO proceeds has been in line with the objects specified in the offer document. The submission has been made to both the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE).
The company has provided details on the allocation and deployment of funds across various objects, including investments towards sponsor commitments to existing and new funds, repayment of a bridge loan, general corporate purposes, and offer-related expenses. The report highlights that as of September 30, 2026, a total of ₹92.78 crore had been utilized from the IPO proceeds, with a remaining unutilized amount of ₹357.22 crore.
Deployment of Unutilized Proceeds
The unutilized proceeds have been invested in various instruments, primarily fixed deposits with reputable banks such as SBI, HDFC, and ICICI. The total amount invested in these instruments stands at ₹357.22 crore. The report also details the maturity dates, earning rates, and market values of these investments as of the end of the quarter.
General Corporate Purpose Utilization
Specific details regarding the utilization for General Corporate Purposes (GCP) indicate that ₹39.40 crore was utilized towards the repayment of an existing overdraft facility from ICICI Bank. This utilization was approved by the Board through a resolution dated September 03, 2026, revising the earlier planned timeline and amounts for GCP allocation.
Source: BSE
