Globe Civil Projects Limited — Others, 14-08-2025: Monitoring Agency Report

Globe Civil Projects Limited has released the Monitoring Agency Report for the quarter ended June 30, 2025, regarding its Rs. 119 Cr Initial Public Offering proceeds. The report confirms no deviation from the stated objects of the IPO. No utilization of these funds occurred during the quarter, with Rs. 118.97 Cr remaining unutilized and held in the AXIS Bank issue account. This indicates the company is adhering to its plan for the IPO funds, which were earmarked for working capital, capital expenditure, general corporate purposes, and issue expenses. This ensures transparency in fund management for shareholders.