Regulatory8 Aug 2026, 03:30 pm
Pajson Agro India IPO Proceeds Monitoring Report Filed
AI Summary
Pajson Agro India Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by CARE Ratings Limited. The report details the utilization of proceeds from the company's Initial Public Offer (IPO). A key observation is a deviation from the original object utilization, where ₹1.96 crores were transferred to General Corporate Purposes (GCP). This increased the GCP allocation to ₹10.43 crores, exceeding the stipulated cap of ₹10 crores without corresponding board approval for the excess. The company will make this information available on its website.
Key Highlights
- Monitoring Agency Report for Q1FY27 submitted by Pajson Agro India.
- CARE Ratings Limited prepared the report on IPO proceeds utilization.
- Deviation noted in GCP allocation exceeding the ₹10 crore cap.
- No board approval found for the excess GCP utilization.
- Report covers utilization of ₹74.45 crore IPO funds.
Price Impact
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