Corporate Governance3 Nov 2026, 09:41 pm
Xtranet Technologies: CRISIL Monitoring Agency Report for IPO Proceeds Q2 FY27
AI Summary
Xtranet Technologies Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as required by SEBI regulations. The report, issued by CRISIL Ratings Limited, details the utilization of funds raised through the company's Initial Public Offer (IPO). According to the report, the IPO proceeds of ₹16,680.18 Lacs (Net Proceeds ₹14,929.11 Lacs) have been utilized towards repayment of loans, working capital requirements, and general corporate purposes. CRISIL Ratings confirmed that the utilization is as per the disclosures in the Offer Document, with no deviation noted.
Key Highlights
- CRISIL Ratings issued the Monitoring Agency Report for Xtranet Technologies' IPO proceeds.
- Report covers utilization of funds for the quarter ended September 30, 2026.
- IPO proceeds utilized for loan repayment, working capital, and general corporate purposes.
- No deviation from the objects stated in the Offer Document was observed.
- The report confirms utilization aligns with prospectus disclosures.
Price Impact
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