Standard Glass Lining Technology Limited — Others, 05-08-2025: Monitoring Agency Report

Standard Glass Lining Technology Limited issued a corrigendum for its Monitoring Agency Report for Q1 FY2026, providing the digitally signed copy from ICRA Limited. The report confirms that the utilization of IPO proceeds is fully aligned with the stated objects, showing no deviation. Notably, the company has repaid INR 130 Cr in borrowings. Funds for capital expenditure (INR 9.30 Cr), subsidiary investment (INR 29.09 Cr), inorganic growth (INR 20 Cr), and general corporate purposes (INR 42.24 Cr) are largely unutilized as per planned phased deployment, with over INR 107 Cr held in fixed deposits. This offers shareholders transparency on fund allocation.