BSECompany Update4d ago · 7 Aug 2026, 02:26 pm
GK Energy Limited informed the Exchange about the Monitoring Agency Report for the Quarter ended June 30, 2026.
GK Energy Ltd · 544525
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GK Energy Ltd has submitted a Monitoring Agency Report for the quarter ended June 30, 2026, as required by SEBI regulations, detailing the utilization of proceeds from its Initial Public Offering (IPO). The report confirms that the utilization of proceeds is in line with the disclosures made in the prospectus.
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Governance Concern1/10
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Market Sentiment5/10
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GK Energy Ltd - 544525 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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Date: August 07, 2026
To, To,
Listing Department Listing Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex Bandra (East), Dalal Street,
Mumbai – 400 051 Mumbai – 400 001
NSE Symbol: GKENERGY Scrip Code BSE- 544525
Dear Sir/Madam,
Subject: Disclosure under Regulation 32(6) of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 –
Monitoring Agency Report for the quarter ended June 30, 2026
Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI Listing Regulations”) read with Regulation 173A of SEBI (Issue of
Capital and Disclosure Requirements) Regulations, 2018, we have enclosed herewith the
Monitoring Agency Report for the quarter ended June 30, 2026, issued by CARE Ratings
Limited (“Monitoring Agency”), in respect of the utilization of proceeds raised through Initial
Public Offering by the Company.
The aforesaid Monitoring Agency Report has been reviewed by the Audit Committee and
taken on record by the Board of Directors at its Meeting held on August 07, 2026.
The same will be uploaded on the website of the Company at www.gkenergy.in
You are requested to take the same on your records.
Thanking you,
By order of Board of Directors
For GK ENERGY LIMITED
(Formerly known as GK Energy Private Limited,
GK Energy Marketers Private Limited)
Shubham Suresh Jain
Company Secretary & Compliance Officer
Membership No. A76578
Place: Pune
Monitoring Agency Report
No. CARE/PRO/GEN/2026-27/1050
The Board of Directors
GK Energy Limited
Office No.1901, Tower A, Gokhale Business Bay,
Plot No. A6 A7, Sr. No. 20/2
Paschimnagri, Kothrud
Pune, Maharashtra
Pune - 411038
August 07, 2026
Dear Sir/Ma’am,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the IPO of GK Energy Limited (“the
Company”)
We write in our capacity of Monitoring Agency for the IPO for the amount aggregating to Rs.400.00 crore of the Company
and refer to our duties cast under Regulation 41 of the Securities & Exchange Board of India (Issue of Capital & Disclosure
Requirements) Regulations.
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 26, 2025.
Request you to kindly take the same on records.
Thanking you,
Yours faithfully,
Ashish Kashalkar
Associate Director
Ashish.Kashalkar@careedge.in
Report of the Monitoring Agency
Name of the issuer: GK Energy Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: CARE Ratings Limited
(a) Deviation from the objects: No deviation
(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
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 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: Ashish Kashalkar
Designation of Authorized person/Signing Authority: Associate Director
1) Issuer Details:
Name of the issuer : GK Energy Limited
Name of the promoter : Gopal Rajaram Kabra and Mehul Ajit Shah
Industry/sector to which it belongs : Industrials – Construction – Civil Construction
2) Issue Details
Issue Period : September 19, 2025 to September 23, 2025
Type of issue (public/rights) : Public (IPO)
Type of specified securities : Equity shares
IPO Grading, if any : Not Applicable
Issue size (in `crore) : Rs.400.00 crore
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information / certifications Comments of the
Comments of the
Particulars Reply considered by Monitoring Agency for Board of
Monitoring Agency
preparation of report Directors
Prospectus, Chartered Accountant (CA)
Certificate*, Bank statements, The utilization of proceeds is as per
Whether all utilization is as per the disclosures in the Offer Document? Yes No Comments
Supporting invoices and Management the objects in the offer document.
Certificate
Whether shareholder approval has been obtained in case of material CA Certificate*, Prospectus,
Not Applicable Nil No Comments
deviations# from expenditures disclosed in the Offer Document? Management Certificate
Whether the means of finance for the disclosed objects of the issue CA Certificate*, Prospectus,
No Nil No Comments
have changed? Management Certificate
Is there any major deviation observed over the earlier monitoring No major deviations observed from
No Previous monitoring agency report No Comments
agency reports? previous report dated May 13, 2026.
Whether all Government/statutory approvals related to the object(s) CA Certificate*, Prospectus,
Not Applicable Not Applicable No Comments
have been obtained? Management Certificate
Whether all arrangements pertaining to technical CA Certificate*, Prospectus,
Not Applicable Not Applicable No Comments
assistance/collaboration are in operation? Management Certificate
Source of information / certifications Comments of the
Comments of the
Particulars Reply considered by Monitoring Agency for Board of
Monitoring Agency
preparation of report Directors
Are there any favorable/unfavorable events affecting the viability of CA Certificate*, Prospectus,
No Nil No Comments
these object(s)? Management Certificate
Is there any other relevant information that may materially affect the CA Certificate*, Prospectus,
No Nil No Comments
decision making of the investors? Management Certificate
*The above details are verified by Bharat J Rughani & Co. vide its CA certificate 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 actually utilized by more than 10% of the amount projected in the offer documents.
4) Details of objects to be monitored:
(i) Cost of objects –
Source of information Original cost Comments of the Board of Directors
Comments of
/ certifications (as per the Particulars of -
Sr.
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