Standard Glass Lining Technology Limited — Others, 04-08-2025: Monitoring Agency Report

Standard Glass Lining Technology (SGLTL) has received its Monitoring Agency Report from ICRA Limited for Q1 FY2026, confirming that the utilization of its Initial Public Offer (IPO) proceeds is fully in line with the stated objectives, with no deviations. Out of the 249.995 Cr IPO funds, the company has utilized 145.079 Cr. Notably, 130 Cr was used for repayment of borrowings. The remaining 104.916 Cr is largely held in fixed deposits, generating returns. This update provides clarity on fund deployment, aligning with investor expectations.