Shree Refrigerations Ltd — Important, 12-11-2025: Company Update

Shree Refrigerations Limited's Monitoring Agency Report for Q2 FY26 IPO proceeds utilization confirms no deviation from the Rs. 94.51 Cr IPO's stated objects. The Board-reviewed report details Rs. 16.20 Cr utilized for working capital and Rs. 14.51 Cr for issue expenses. An additional Rs. 1.76 Cr went to General Corporate Purposes (GCP), including Rs. 0.49 Cr in issue expenses exceeding the prospectus estimate, aligned with a modified GCP definition. Remaining Rs. 62.04 Cr is mostly in fixed deposits. Investors should note the total issue expenses, including amounts under GCP, totaled a significant 15.35% of the fresh issue size.