Regulatory4 Aug 2026, 03:47 pm
Morepen Labs: Monitoring Agency Report for QIP Proceeds (June 30, 2026)
AI Summary
Morepen Laboratories Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from its Qualified Institutions Placement (QIP) issue. The report, issued by CARE Ratings Limited, confirms that the utilization of funds is in line with the objects disclosed in the offer document, with no deviations reported. The QIP issue aggregated to Rs. 200.00 crore. The filing adheres to SEBI regulations, specifically Regulation 32 of LODR and Regulation 173A of ICDR.
Key Highlights
- Monitoring Agency Report filed for QIP proceeds up to June 30, 2026.
- No deviation reported in the utilization of Rs. 200 crore QIP funds.
- Report issued by CARE Ratings Limited as per SEBI regulations.
- Utilization aligns with disclosed objects of the issue.
Price Impact
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