SSMD Agrotech: Monitoring Report Shows >100% Deviation in Fund Use

SSMD Agrotech India Ltd has submitted its Monitoring Agency Report for the quarter ended March 31, 2026, detailing the utilization of its Initial Public Issue proceeds. The report, reviewed by the Audit Committee and Board of Directors, indicates a significant deviation of over 100% from the earmarked objects for the Rs. 34.09 crore issue. Infomerics Valuation and Rating Limited, acting as the Monitoring Agency, has provided this report as per SEBI regulations. The company has confirmed the deviation, with the range exceeding 100%.