Prodocs Solutions: Monitoring Agency Report for IPO Proceeds Utilization

Prodocs Solutions Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from its Initial Public Offering (IPO). The report, issued by Infomerics Valuation and Rating Limited, indicates no deviation from the objects outlined in the prospectus. While there's a slight delay in the utilization of funds for Object No. 1 and General Corporate Purposes (GCP) as per the prospectus schedule, the company is expected to deploy the remaining net proceeds in subsequent fiscal years, as permitted. The total IPO size was Rs. 22.08 crore.