EPack Prefab Technologies Limited (EPACKPEB) has submitted its Monitoring Agency Report for the quarter ended December 31, 2025, as required by SEBI regulations. The report, issued by CARE Ratings Limited and reviewed by the company's Audit Committee, confirms no deviation from the objects for which the IPO funds of ₹300 crore were raised. During the third quarter of fiscal year 2026 (Q3FY26), the company utilized ₹102.48 crore. A note in the report indicates a commingling of funds due to usage from the current account, which has restricted direct verification. Fixed deposits were also created from current accounts. The company relied on a Management Certificate and a CA certificate dated February 6, 2026, from Talati And Talati LLP, for verifying the utilizations during this period. The report details the utilization of funds across various objectives: ₹102.97 crore for setting up a new manufacturing facility in Rajasthan, ₹58.17 crore for expanding the existing facility in Andhra Pradesh, ₹70.00 crore for repayment of borrowings, ₹54.04 crore for general corporate purposes, and ₹14.82 crore for share issue expenses. The total utilization for the quarter amounted to ₹102.48 crore, with ₹197.52 crore remaining unutilized. The company has invested the unutilized proceeds in various instruments, including fixed deposits with YES Bank Ltd, AXIS Bank Ltd, Indusind Bank Ltd, and ICICI Bank Ltd, with maturity dates ranging up to October 2026. The total unutilized amount stands at ₹197.52 crore. Regarding the progress of the objects, the new manufacturing facility in Rajasthan and the expansion in Andhra Pradesh are ongoing, with a projected completion date of March 31, 2026. The repayment of borrowings has been completed, and general corporate purposes and share issue expenses are also ongoing. There have been no delays reported in the implementation of these objects.
