Horizon Reclaim IPO Proceeds Monitoring Report Filed

Horizon Reclaim (India) Ltd has filed its Monitoring Agency Report for the half-year ended September 30, 2026, as required by SEBI regulations. The report, issued by CRISIL Ratings Limited, pertains to the utilization of proceeds from the company's Initial Public Offer (IPO). The IPO, which took place from June 12-16, 2026, raised ₹5,427.28 lakhs in gross proceeds. After deducting issue expenses of ₹476.29 lakhs, the net proceeds available for monitoring amount to ₹4,950.99 lakhs. The report indicates no deviation from the stated objects for the utilization of these funds. CRISIL Ratings Limited, acting as the Monitoring Agency, has confirmed that the report provides an objective view based on information provided by the issuer and other reliable sources.