Kalpataru Ltd: Monitoring Agency Report for IPO Proceeds (Q3 2026)

Kalpataru Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as required by SEBI regulations. The report, issued by CARE Ratings Limited, confirms that the utilization of IPO proceeds amounting to ₹1,590 crore is in line with the objects stated in the offer document. There were no deviations from the stated objects. The company reported nil deviation and noted co-mingling of funds to the tune of ₹11,549.36 to facilitate the final utilization and closure of the Monitoring Account. The report also details the utilization of funds for repayment of borrowings and general corporate purposes, with a revised cost for general corporate purposes approved by the board.