CSM Technologies IPO Proceeds Monitoring Report Filed

CSM Technologies Ltd has filed its Monitoring Agency Report for the quarter ended September 30, 2026, prepared by CARE Ratings Limited. The report confirms no deviation from the utilization of IPO proceeds, which aggregated to ₹145.78 crore. The company utilized ₹113.93 crore towards the objects of the issue and ₹16.58 crore for issue-related expenses. A minor concern was noted regarding the co-mingling of IPO proceeds through the company's cash credit account, which was utilized for GCP and issue expenses. The company's consolidated results for Q1FY27 showed a loss of ₹8.28 crore.