GNG Electronics: IPO Proceeds Utilization Report for Q1 FY27

GNG Electronics Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of its Initial Public Offering (IPO) proceeds. The report, issued by CARE Ratings Limited, confirms that the utilization of funds is in line with the disclosures made in the Offer Document. The IPO, a fresh issue of equity shares, raised Rs. 400.00 crore. The company has confirmed no deviation from the stated objects for the utilization of these funds during the specified quarter. The report is submitted as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.