BSECompany Update3d ago · 4 Aug 2026, 06:03 pm
Submission of Monitoring Agency Report issued by Crisil Ratings Limited for the utilization of Proceeds raised through issuance of Equity Shares by way of the Initial Public Offer (IPO) ....
Omnitech Engineering Ltd · 544720
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Omnitech Engineering Ltd has submitted a Monitoring Agency Report by Crisil Ratings Limited for the utilization of proceeds raised through its Initial Public Offer (IPO) for the quarter ended June 30, 2026. The report has been placed before the Audit Committee and Board of Directors and has been duly noted/approved.
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Omnitech Engineering Ltd - 544720 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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Ref. : OMNITECH/SEBI-LODR_Regn.32/Q1_FY2026-27 Date : August 04, 2026
TO, TO,
National Stock Exchange of India Limited BSE Limited,
Exchange Plaza, C-1, Block G Phiroze JeeJeebhoy Towers, Dalal Street,
Bandra Kurla Complex Mumbai-400001, Maharashtra
Bandra (E), Mumbai – 400 051, Maharashtra
Script Code: 544720
Script Symbol: OMNI
Dear Sir/Madam,
SUBJECT : Monitoring Agency Report issued by Crisil Ratings Limited for the utilization of
Proceeds raised through issuance of Equity Shares by way of the Initial Public Offer (IPO) of the
Omnitech Engineering Limited (“the Company”) for the quarter ended June 30, 2026
Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended read with Regulation 41(4) of the SEBI (Issue of Capital and
Disclosure Requirements) Regulations, 2018, as amended, please find the enclosed herewith the
Monitoring Agency Report (“Monitoring Agency Report”), dated August 04, 2026, issued by Crisil
Ratings Limited (“Monitoring Agency”), for the quarter ended June 30, 2026, in respect of
utilization of proceeds raised through the Initial Public Offer (“IPO”) of Omnitech Engineering
Limited (“Company”).
The aforesaid report has been placed before the Audit Committee and the Board of Directors of the
Company and duly noted/approved at their respective meetings held on August 04, 2026.
The said report shall also be made available on the Company’s website at
https://omnitecheng.com/notices-announcements-2026-27/
This is for your information and record.
Thanking You,
Yours Faithfully
For Omnitech Engineering Limited
Bhoomi Manharbhai Vadhavana
Company Secretary & Compliance Officer
(Membership No. : ACS-54468)
(Encl: As above)
OMNITECH ENGINEERING LIMITED CIN : L26100GJ2021PLC124801
(Formerly known as Omnitech Engineering Private Limited)
Registered & Corporate Office & Factory - 1:
Plot No. 2500, Kranti Gate Main Road, GIDC Lodhika Industrial Estate, Kalawadd Rd, Metoda, Rajkot-360021 Gujarat, India
Factory - 2 :
Plot No. 9 to 12, Shivam Ind Zone-6, RS No. 35 to 39, Village : Chhapara, Tal. : Lodhika, Rajkot-360021, Gujarat, India
T : +91-2827-287 638 | E : info@omnitecheng.com | W : www.omnitecheng.com
Monitoring Agency Report
Omnitech Engineering limited
for the quarter ended
June 30, 2026
CRL/MAR/OMNENG/2026-27/1957
August 04, 2026
Omnitech Engineering limited
Plot No. 2500, Kranti Gate Main Road,
GIDC Lodhika Ind Estate, Kalawadd Rd, Metoda,
Rajkot – 360021, Gujarat, India
Dear Sir,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Initial Public Offer (“IPO”)
of Omnitech Engineering limited (“the Company”)
Pursuant to Regulation 41 (2) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI
ICDR Regulations”) and Monitoring Agency Agreement dated February 09, 2026, enclosed herewith the
Monitoring Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI
ICDR Regulations towards utilization of proceeds of IPO for the quarter ended June 30, 2026.
Request you to kindly take the same on records.
Thanking you,
For and on behalf of Crisil Ratings Limited
Shounak Chakravarty
Director, Ratings (LCG)
Report of the Monitoring Agency (MA)
Name of the issuer: Omnitech Engineering limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Crisil Ratings Limited
(a) Deviation from the objects: Not applicable
(b) Range of Deviation: Not applicable
Declaration:
We declare that this report provides an objective 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. 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 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 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.
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 subsequent to 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 and designation of the Authorized Signatory: Shounak Chakravarty
Designation of Authorized person/Signing Authority: Director, Ratings (LCG)
1) Issuer Details:
Name of the issuer: Omnitech Engineering limited
Names of the promoter: Mr. Udaykumar Arunkumar Parekh
Ms. Dharmi A. Parekh
Industry/sector to which it belongs: Industrial Products
2) Issue Details
Issue Period: Wednesday, February 25, 2026 to Friday, February 27, 2026
Type of issue (public/rights): Initial Public Offer (IPO)
Type of specified securities: Equity Shares
IPO Grading, if any: NA
Issue size: Rs 4,180.00 million*
*Note:
Particulars Amount (Rs. million)
Gross proceeds 4,180.00 #
Less: Revised Issue Expenses (refer Note 1 & Note 2 on Page No 6 & 8) 247.56
Revised Net Proceeds (refer Note 1 & Note 2 on Page No 6 & 8) 3,932.44
#Crisil Ratings shall be monitoring the gross proceeds.
All figures in the above table are rounded off to nearest two decimal places
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information/
Comments of
certifications considered Comments of the
Particulars Reply the Board of
by Monitoring Agency Monitoring Agency
Directors
for preparation of report
Proceeds were
Statutory Auditor utilized towards the
certificate^, Management objects of the issue
Whether all utilization is as per undertaking, Prospectus including Capital
the disclosures in the Offer Yes dated February 27, 2026 expenditure at No Comments
Document? (hereinafter referred to as facility 1 & 2 along
“Offer document”), Bank with existing facility,
Statements GCP and fresh issue
related expense
Whether shareholder approval
has been obtained in case of
material deviations from NA No comments N.A.
expenditures disclosed in the
Offer Document?
Whether the means of finance for
the disclosed objects of the issue No No comments No Comments
has changed?
Is there any major deviation
observed over the earlier No No comments N.A.
monitoring agency reports?
Take note of the
Whether all Government/
status of
statutory approvals related to the NA Statutory Auditor No comments
Statutory
object(s) have been obtained? certificate^, Management
approval
Undertaking
Whether all arrangements
pertaining to technical
NA No comments N.A.
assistance/collaboration are in
operation?
Are there any favorable events No such events
improving the viability of these No No comments have been
object(s)? reported
Are there any unfavorable events
affecting the viability of the No No comments No Co
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