StockWatch
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Civil Construction
Regulatory13 Nov 2026, 05:11 pm

Oval Projects Engineering: Monitoring Agency Report for IPO Proceeds

AI Summary

Oval Projects Engineering Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as required by SEBI (LODR) Regulations, 2015. The report, issued by Infomerics Valuation and Rating Limited, pertains to the company's Initial Public Offer (IPO) of ₹46.74 crore. The monitoring agency has confirmed that there was no deviation from the objects for which the IPO proceeds were earmarked, and no range of deviation was applicable. The report assures an objective view of the utilization of funds based on provided information.

Key Highlights

  • Monitoring Agency Report submitted for Q2 FY27.
  • No deviation in IPO fund utilization reported.
  • Report covers IPO proceeds of ₹46.74 crore.
  • Issued by Infomerics Valuation and Rating Limited.
  • Compliance with SEBI (LODR) Regulations confirmed.