Shringar House of Mangalsutra Limited (SHRINGARMS) — Offer Document | 12 August 2026

Shringar House of Mangalsutra Limited received a Monitoring Agency Report from CRISIL Ratings Limited for the quarter ended June 30, 2026, confirming compliance with IPO utilization norms. The report validates that proceeds were used as per offer document disclosures, with no deviations or delays observed. Net proceeds of ₹3,613.57 million were deployed toward working capital and general corporate purposes, including ₹813.57 million for general corporate use. The Audit Committee reviewed the findings on August 12, 2026, and the company confirmed all statutory approvals were secured. The Monitoring Agency emphasized no conflict of interest and relied on peer-reviewed CA certification for financial validation.