Regulatory14 May 2026, 07:31 pm
Mittal Sections: CARE Ratings Monitoring Report for Mar 2026
AI Summary
Mittal Sections Ltd has released the Monitoring Agency Report issued by CARE Ratings Limited for the quarter ended March 31, 2026, regarding the utilization of funds raised through its SME IPO. The report, submitted in compliance with SEBI regulations, confirms no deviation from the stated objectives of the IPO. The monitoring agency declares that the report provides an objective view based on information provided by the issuer and believed to be accurate and reliable, without performing an audit or independent verification.
Key Highlights
- CARE Ratings issued a monitoring report for Mittal Sections' SME IPO funds.
- The report covers the quarter ended March 31, 2026.
- No deviations were found in the utilization of IPO proceeds.
- The report complies with SEBI regulations regarding monitoring of issue proceeds.
- Issue size was ₹52.91 Crore.
Price Impact
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