Regulatory14 May 2026, 09:21 pm
Workmates Core2Cloud: Monitoring Agency Report for March 2026
AI Summary
Workmates Core2Cloud Solution Ltd's Monitoring Agency Report for the period ended March 31, 2026, was reviewed by the Audit Committee on May 14, 2026. The report, prepared by Brickwork Ratings, confirms that the proceeds from the fresh issue and offer for sale of equity shares, aggregating to ₹69.84 Crore, have been utilized as stated in the Prospectus. The report notes a commingling of funds with regular business operations, posing limitations in precise mapping of utilization.
Key Highlights
- Monitoring Agency Report for period ended March 31, 2026, submitted.
- Audit Committee reviewed the report on May 14, 2026.
- Issue proceeds of ₹69.84 Crore utilized as stated in Prospectus.
- Brickwork Ratings prepared the Monitoring Agency Report.
- Commingling of funds posed limitations in mapping utilization.
Price Impact
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