Shree Refrigerations Ltd — Important, 12-05-2026: Company Update

Shree Refrigerations Limited has submitted its Monitoring Agency Report on the utilization of IPO proceeds for the half-year. The report confirms full utilization of the Rs. 94.51 crore raised, allocated towards working capital, general corporate purposes, and issue-related expenses. A minor deviation was noted in general corporate spending, with Rs. 414.06 used for bank account charges, which was not initially defined under GCP. Additionally, the company incurred relatively high issue expenses, exceeding the prospectus amount by Rs. 0.49 crore. Overall, no major deviations or implementation delays were observed for the IPO objectives.