Regulatory23 Jul 2026, 06:50 pm
IGI Ltd: No Deviation in Issue Proceeds Utilization for Q2 2026
AI Summary
International Gemological Institute Ltd (formerly International Gemmological Institute (India) Limited) has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by ICRA Limited, confirms that the utilization of the issuance proceeds is in line with the objects of the issue, with no deviation observed. The total issue size was ₹4,225.000 Crore, with net proceeds of ₹1,409.740 Crore as per the prospectus. ICRA monitored ₹1,475.000 crore as of June 30, 2026. The report also confirms that all necessary approvals and arrangements are in place and no material deviations have occurred.
Key Highlights
- No deviation in the utilization of issue proceeds for the quarter ended June 30, 2026.
- Report issued by ICRA Limited confirms compliance with the objects of the issue.
- Total issue size was ₹4,225 Crore, with net proceeds of ₹1,409.74 Crore.
- Monitoring Agency confirms no conflict of interest in its relationship with the issuer.
Price Impact
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