Lalithaa Jewellery Mart Limited has submitted its monitoring agency report for the quarter ended September 30, 2026. The report details the utilization of funds raised through its Initial Public Offering (IPO). CARE Ratings Limited, acting as the monitoring agency, has provided its assessment of how the proceeds have been deployed against the original objects of the issue. The report has been reviewed by the company’s Audit Committee and the Board of Directors.
Monitoring Agency Report Filed
Lalithaa Jewellery Mart Limited has officially submitted its Monitoring Agency Report for the quarter ending September 30, 2026. This report is a regulatory requirement following the company’s Initial Public Offering (IPO) and focuses on the utilization of the IPO proceeds.
Key Details of the Report
The report, prepared by CARE Ratings Limited, provides an objective view of the deployment of funds raised through the IPO. It outlines the company’s progress in achieving the objects specified in its offer document. The utilization of funds, especially for initiatives like setting up 10 new stores and inventory costs, has been detailed. For instance, ₹12.50 crore was utilized for fit-outs of furniture, fixtures, equipment, and IT hardware, while ₹585.48 crore was used for purchasing inventory. General corporate purposes also saw an allocation of ₹84.52 crore.
Financial Oversight and Compliance
The document highlights that the utilization of funds is being monitored against the original cost as per the offer document, which amounted to ₹1200.00 crore. The total unutilized amount at the end of the quarter was ₹449.67 crore. The report confirms that all utilization is as per disclosures in the offer document and that there have been no deviations from the stated objects. The company has also provided details on the deployment of unutilized proceeds, including fixed deposits and current accounts with State Bank of India.
Board and Audit Committee Review
The Monitoring Agency Report was duly reviewed by the Audit Committee and the Board of Directors of Lalithaa Jewellery Mart Limited on November 11, 2026, ensuring adherence to regulatory requirements and the company’s business objectives.
Source: BSE
