Rubicon Research Revises IPO Proceeds Utilization Report

Rubicon Research Ltd has issued a revised Monitoring Agency Report for the quarter ended September 30, 2026, concerning the utilization of its Initial Public Offering (IPO) proceeds. The revision corrects a calculation error in the previously submitted report, increasing the total utilized amount as of the quarter's end from Rs. 4,169.33 million to Rs. 4,329.07 million. India Ratings and Research Private Limited, the monitoring agency, confirmed no deviation from the IPO's stated objects, based on management representations and a statutory auditor's certificate from Deloitte Haskins & Sells LLP. The report adheres to SEBI ICDR Regulations.