Indo SMC Reports ₹44.80 Crore IPO Funds Held In Fixed Deposits

Crisil’s updated IPO monitoring report confirms ₹3,979.74 lakh of ₹8,459.60 lakh net proceeds utilized by June 30, 2026, with ₹4,479.86 lakh remaining in fixed deposits. Plant-and-machinery deployment reached only ₹121.01 lakh against ₹2,570.67 lakh planned, and implementation remains delayed. Context: resolves the earlier monitoring non-cooperation.