Sambhv Steel Tubes Submits Revised Monitoring Agency Report for Q4 FY26 IPO Proceeds Utilization
Published on: May 12, 2026, 11:07 p.m. | Source: scanx.trade
Sambhv Steel Tubes Limited filed a Revised Monitoring Agency Report for Q4 FY26 on May 12, 2026, superseding an earlier report submitted on May 09, 2026, with no changes in figures or comments. The report, prepared by CARE Ratings Limited, covers the utilization of proceeds from the company's Rs. 440 crore IPO and confirms no deviation from the Offer Document objects. During the quarter ended March 31, 2026, Rs. 1.93 crore was utilized toward issue-related expenses, while no amount was deployed under General Corporate Purposes, leaving Rs. 1.70 crore unutilized and parked in the Kotak Mahindra Public Issue Account. The timeline for utilizing the remaining GCP proceeds of Rs. 1.50 crore has been extended to September 30, 2026, per a Board resolution dated April 23, 2026.
