Regulatory13 Aug 2026, 12:00 pm
Glen Industries: No Deviation in IPO Proceeds Utilization for Q2 2026
AI Summary
Glen Industries Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Infomerics Valuation and Rating Limited, confirms that there were no deviations or variations in the utilization of proceeds from the company's Public Issue during the specified period. The total IPO amount was aggregated to Rs. 62.94 crore. The monitoring agency has declared that the utilization of funds aligns with the objects of the issue, providing a true and fair view.
Key Highlights
- No deviations reported in IPO proceeds utilization for Q2 2026.
- Monitoring Agency Report issued by Infomerics Valuation and Rating Limited.
- Total IPO proceeds aggregated to Rs. 62.94 crore.
- Report confirms utilization aligns with the objects of the issue.
- No conflict of interest declared by the monitoring agency.
Price Impact
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