Stallion India Fluorochemicals Limited — Others, 14-08-2025: Monitoring Agency Report

Stallion India Fluorochemicals' Monitoring Agency Report for its IPO fund utilization shows key deviations. The company over-utilized its working capital by Rs. 3.71 crore beyond the allocated Rs. 95 crore. Funds were commingled across accounts, and Rs. 7.97 crore from fixed deposits were temporarily used due to an auto-sweep feature. Further, Rs. 3.41 crore for General Corporate Purpose lacked prior board approval. The company states these are temporary oversights, not intentional, citing bank features and management being occupied. Management is taking steps to rectify the deviations, assuring investors the core project allocations remain on track.