Regulatory13 May 2026, 06:21 pm
Bhavik Enterprises: Monitoring Report for Quarter Ended March 2026
AI Summary
Bhavik Enterprises Ltd submitted a Monitoring Agency Report for the quarter ended March 31, 2026, as per Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, issued by Infomerics Valuation and Ratings Limited, pertains to the utilization of proceeds from the company's Initial Public Offer (IPO). The report indicates no deviation from the stated objectives. Out of the total net proceeds of ₹54.60 crore, ₹47.5 crore was allocated for working capital and ₹7.10 crore for GCP. In Q4 FY26, ₹19.55 crore was utilized for working capital and ₹7.10 crore for GCP, which was also used for working capital requirements.
Key Highlights
- Bhavik Enterprises submits monitoring report for quarter ended March 31, 2026.
- Infomerics Valuation and Ratings Limited issued the monitoring report.
- No deviation reported from the objects of the IPO proceeds utilization.
- ₹19.55 crore utilized for working capital and ₹7.10 crore for GCP in Q4 FY26.
- Total net proceeds of ₹54.60 crore were allocated for working capital and GCP.
Price Impact
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