
Corporate Governance28 Oct 2026, 05:32 pm
Aequs Ltd: No Deviation in IPO Proceeds Utilization
AI Summary
Aequs Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, prepared by CARE Ratings Limited. The report, reviewed by the Audit Committee and Board of Directors, confirms no material deviation in the utilization of proceeds from its Pre-Initial Public Offer Placement and Initial Public Offer. The funds raised, aggregating to Rs. 144.0 crore, have been utilized in line with the stated objectives of the issue. This report is in compliance with SEBI Listing Regulations and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company has also made this intimation available on its website.
Key Highlights
- Monitoring Agency Report for Q2 FY27 submitted.
- No material deviation in utilization of IPO proceeds confirmed.
- Funds raised were Rs. 144.0 crore.
- Report prepared by CARE Ratings Limited.
- Compliance with SEBI regulations ensured.
Price Impact
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