Rating14 Aug 2026, 12:52 pm
Luxury Time Ltd: Monitoring Agency Report for IPO Proceeds
AI Summary
Luxury Time Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by Brickwork Ratings India Private Limited. This report, mandated by SEBI Listing Regulations, details the utilization of proceeds raised through the company's Initial Public Offer (IPO). The funds, totaling ₹18.73 Crore from a Fresh Issue and Offer for Sale, were reviewed by the Audit Committee and taken on record by the Board of Directors on August 14, 2026. Brickwork Ratings confirmed no deviation from the IPO's stated objects and declared no conflict of interest in their monitoring role.
Key Highlights
- Monitoring Agency Report for IPO proceeds submitted for Q4 FY26.
- Brickwork Ratings confirms no deviation in fund utilization.
- Total IPO funds raised were ₹18.73 Crore.
- Report reviewed by Audit Committee and Board of Directors.
- No conflict of interest declared by the monitoring agency.
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