Varmora Granito Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. This report, issued by CRISIL Ratings Limited, details the utilization of the Initial Public Offer (IPO) proceeds in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that the report has been reviewed and taken on record by its Audit Committee and is available on the company’s website.
Varmora Granito Files Monitoring Agency Report
Varmora Granito Limited has officially disclosed its Monitoring Agency Report, covering the financial quarter that concluded on September 30, 2026. This submission is in direct compliance with Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as well as Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
CRISIL Ratings Oversight
The report has been prepared and issued by CRISIL Ratings Limited, acting as the appointed Monitoring Agency. The company’s Audit Committee has reviewed the findings of this report and formally taken them on record. This diligent oversight ensures transparency and adherence to the regulations governing the utilization of funds raised through the Initial Public Offer (IPO).
Proceeds Utilization Details
According to the report, the total proceeds from the Fresh Issue amounted to Rs 3,200.00 million. After deducting issue expenses of Rs 269.97 million, the net proceeds available were Rs 2,930.03 million. The report indicates that for the quarter ended September 30, 2026, there was no utilization of the reported quarter’s proceeds concerning the object(s) of the offer, including repayment/prepayment of borrowings and general corporate purposes (GCP).
Availability of Information
In line with its commitment to transparency, Varmora Granito Limited has also made this intimation and the accompanying report available on its official website, www.varmora.com. The company requests that this disclosure be taken on record.
Source: BSE
