LGT Global Hospitality: Monitoring Agency Report for Q2 2026

LGT Global Hospitality Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, issued by Infomerics Ratings Limited. The report confirms that the board has reviewed the utilization of IPO proceeds. While the company expects to utilize funds within 12 months of receipt, as per a board resolution dated May 29, 2026, shareholder approval is still pending. The utilization of funds is expected to be completed by FY2026, though there's ambiguity in the completion timeline for CAPEX projects, which are estimated to take approximately 12 months from the order placement date. There were no deviations from the objects of the issue reported.