Quarterly Updates27 May 2026, 07:52 pm
Regaal Resources: Deviation in IPO Proceeds for Q4 FY26
AI Summary
Regaal Resources Ltd reported a deviation in the utilization of IPO proceeds for the quarter ended March 31, 2026. The deviation, amounting to ₹0.06 crore, occurred due to excess utilization towards General Corporate Purpose (GCP) exceeding the amount projected in the offer documents. The Audit Committee reviewed the deviation on May 27, 2026. The company raised ₹209.99 crore through an IPO, with Care Ratings Limited acting as the Monitoring Agency.
Key Highlights
- Regaal Resources reports a ₹0.06 crore deviation in IPO proceeds utilization for Q4 FY26.
- Deviation due to over-utilization of funds towards General Corporate Purpose.
- Audit Committee reviewed the deviation on May 27, 2026.
- Total funds raised through IPO amounted to ₹209.99 crore.
- Care Ratings Limited served as the Monitoring Agency for the IPO.
Price Impact
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