Shree Tirupati Balajee Agro Trading Company Limited — Others, 14-08-2025: Monitoring Agency Report

Shree Tirupati Balajee Agro Trading Company Limited has received its Monitoring Agency Report for the quarter ended June 30. The report confirmed the utilization of Rs. 121.81 crore from the Rs. 122.42 crore IPO proceeds. Funds allocated for debt repayment, subsidiary investments, and working capital were fully utilized. The report highlighted that General Corporate Purpose (GCP) funds, at 26% of gross proceeds, slightly exceeded a 25% threshold. The company stated this regulation doesn't specify 'gross proceeds' for the calculation and confirmed no material deviation from the original IPO objectives. A small balance of Rs. 0.61 crore for issue expenses remains, slated for utilization next quarter. This provides transparency on IPO fund deployment.