BSECompany Update23h ago · 3 Aug 2026, 05:00 pm
Monitoring Agency Report for Quarter Ended 30th June, 2026.
Justo Realfintech Ltd · 544542
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Justo Realfintech Ltd has received the third monitoring agency report for the quarter ended June 30, 2026, from Brickwork Ratings, which states that there is no deviation from the objects of the issue and the funds raised have been utilized as per the SEBI ICDR Regulations.
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Justo Realfintech Ltd - 544542 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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MAY2026-MAY2027
Date:03rdAugust,2026
BSELIMITED
PhirozeJeejeebhoyTowers
DalalStreetMumbai-400001.
SCRIPCODE:544542
ISIN:INE0W5Q01017
Subject:IntimationofreceiptofMonitoringAgencyReportforthequarterended30thJune,2026
RespectedSir/Madam,
Pursuant to Regulation 32 and other applicable provisions of the SEBI (Listing Obligations and Disclosure
Requirements)Regulations,2015(“LODRRegulations”),weherebyinformyouthattheCompanyhasreceived
theMonitoringAgencyReportfromtheMonitoringAgencyappointedintermsofRegulation32oftheLODR
Regulations,forthequarterended30thJune,2026.
TheMonitoringAgencyReportisbeingsubmittedseparatelytotheStockExchangeintermsofRegulation32(1)
oftheLODRRegulations.
Youarerequestedtokindlytaketheaboveinformationonrecord.
Yoursfaithfully,
ForJustoRealfintechLimited
(FormerlyknownasJustoRealfintechPrivateLimited)
PuspamitraDas
ChairmanandManagingDirector
DIN:01643973
JustoRealfintechLimited(FormerlyknownasJustoRealfintechPrivateLimited)
Regd.Office:2ndFloor,AWing,IndianaBusinessCentre,MakwanaRoad,Gamdevi,Marol,Andheri(East),Mumbai,
Maharashtra–400059.
CINNo.L67190MH2019PLC323318
www.justo.co.in info@justo.co.in 022 45729670
Third Monitoring Agency Report for
Justo Realfintech Limited
for the quarter ended
June 30, 2026
BWR/2026-27/IPM/JRL/03
August 03, 2026
Mr. Dinesh Jivabhai Dolar
Chief Financial Officer
Justo Realfintech Limited
2nd Floor, A Wing, Indiana
Business Center, Makwana Road,
Gamdevi, Marol, Andheri East,
Mumbai– 400059,
Maharashtra, India
Dear Sir,
Third Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the
Fresh Issue of Equity Shares of Justo Realfintech Limited (“the Company”)
Pursuant to Regulation 262 of SEBI (Issue of Capital and Disclosure Requirements) Regulations,
2018 (“SEBI ICDR Regulations”) and Monitoring Agency Engagement Letter dated July 28, 2025,
Brickwork Ratings (BWR) has prepared the Third Monitoring Agency Report, as per Schedule XI of
the SEBI ICDR Regulations towards utilisation of proceeds of funds raised, for the quarter ended
June 30, 2026.
The funds raised by the Company were through Fresh Issue of Equity Shares aggregating to
Rs.63.00 Crore of the Company.
In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30,
2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated August 06,
2025.
Request you to kindly take the same on records.
Thanking you,
Yours Faithfully,
Mr Niraj Kumar Rathi
Senior Director, Ratings - Brickwork Ratings
Report of the Monitoring Agency (MA)
Name of the issuer: Justo Realfintech Limited.
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Brickwork Ratings India Private Limited
(a) Deviation from the objects: No
(b) Range of Deviation: Not Applicable
Declaration:
We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we
further declare that this report provides a true and fair view of the utilization of the issue proceeds in relation
to the objects of the issue based on the information provided by the Issuer and information obtained from
sources believed by it to be accurate and reliable.
We declare that we do not have any direct/indirect interest in or relationship with the
issuer/promoters/directors/management and confirm that we do not perceive any conflict of interest in
such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer.
The MA does not perform an audit and undertakes no independent verification of any information/
certifications/ statements it receives. This Report is not intended to create any legally binding obligations
on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said
information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any
security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should
be construed as creating a fiduciary relationship between the MA and any issuer or between the agency
and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section
2(38) of the Companies Act, 2013.
The MA or its affiliates may have a credit rating or other commercial transactions with the entity to which
the report pertains and may receive separate compensation for its ratings and certain credit related
analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and
reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other
commercial transactions with the entity.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments,
where applicable. There are certain sections of the report under the title “Comments of the Board of
Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors
after the MA submitting their report to the issuer and before dissemination of the report through stock
exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such
comments of the issuer’s Management/Board.
Signature:
Name of the Authorized Signatory: Mr Niraj Kumar Rathi
Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork
Ratings
1) Issuer Details:
Name of the issuer: Justo Realfintech Limited
Names of the promoter: Mr. Pushpamitra Das
Industry / sector to which it belongs: Real Estate
2) Issue Details:
Issue period: For anchor investors- 23 September 2025
For others – 24 September 2025 to 26 September
2025
Type of issue (public/ rights): Fresh Issue of Equity shares
Type of specified securities: Equity Shares
IPO Grading, if any: Not Applicable
Issue size (in ₹ Crore): 63.00
Total Amount
Value as per Offer Document
Particulars Number of Price (₹) Received
(₹ Crore)
Securities (₹ Crore)
Equity Shares- Fresh Issue 49,61,000 127 63,00,47,000 63.00
Total 49,61,000 127 63,00,47,000 63.00
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information
Comments Comments
/ certifications
of of
Particulars Reply considered by
Monitoring Board of
Monitoring Agency for
Agency Directors
preparation of report
Bank Statements,
Whether all utilization is as per
Invoices, Company’s
the disclosures in the Offer Yes Nil Nil
Statement, CA
Document?
Certificate.
Whether shareholder approval
has been obtained in case of
Not Nil
material deviations# from Nil Nil
Applicable
expenditures disclosed in the
Offer Document?
Whether the means of finance for
the disclosed objects of the issue No Nil Nil
has changed?
Is there any major deviation
Not Nil
observed over the earlier Nil
Applicable Nil
monitoring agency reports?
Whether all
Government/statutory approvals
Yes Company’s Statement Nil Nil
related to the object(s) have been
obtained?
Whether all arrangements
pertaining to technical Not
Nil Nil Nil
assistance/collaboration are in Applicable
operation?
Are there any favourable events
improving the viability of these No Company’s Statement Nil Nil
object(s)?
Are there any unfavourable events
affecting the viability of the No Company’s Statement Nil Nil
object(s)?
Is there any other relevant
information that may materially
No Not Applicable Nil Nil
affect the decision making of the
investors?
Notes: The above information is verified through the company’s statement dated July 31, 2026
#Where material deviation may be defined to mean:
(a) Deviation in the objects or purposes for which the funds have been raised
(b) Deviation in the amount of funds utilised by more than 10% of the amount projected in the offer
documents.
4) Details of object(s) to be monitored:
i. Cost of object(s):
Source of
information /
Original Comments of the Board of Directors
certifications Comment
Sr. Cost as per Revised
considered by of the
No Item Head the Offer Cost
Monitor
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