BSECompany Update6d ago · 14 Aug 2026, 03:04 pm
As per attached
Prodocs Solutions Ltd · 544643
✦ AI SummaryResults
Prodocs Solutions Ltd has submitted a Monitoring Agency Report on the utilization of proceeds raised through the issuance of equity shares by way of public issue. The report covers the quarter ended June 30, 2026, and shows that the company has utilized only Rs. 1.63 crore towards Object No. 1, while the amount of Rs. 0.02 crore is yet to be utilized towards General Corporate Purposes. The report does not report any deviation in utilization.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment6/10
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Prodocs Solutions Ltd - 544643 - Monitoring Agency Report On The Utilization Of Proceeds Raised Through Issuance Of Equity Shares By Way Of Public Issue Of Prodocs Solutions Limited
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o) prodocs
PRODOCS SOLUTIONS LIMITED
Regd. Office: 6/19 1ST FLOOR TRANSMISSION HOUSE, COMPOUND NO 82 MIDC, NR M V ROAD, ANDHERI
EAST MUMBAI -MH 400059; Tel: 022-62315800; Email: info@prodocssolution.com;
website: www.prodocssolution.com CIN: L72900MH2019PLC322408;
Prodocs: CS/Reg-32/2026-27 Date: 14-08-2026
Department of Corporate Services
BSE Limited,
P J Tower, Dalal Street,
Mumbhbai 400 001
Sub: Monitoring Agency Report on the utilization of proceeds raised through issuance of Equity
Shares by way of Public Issue of Prodocs Solutions Limited
Ref: Regulation 32 of SEBI (LODR) Regulations, 2015
Dear Sir,
Pursuant to Regulation 262 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations,
2018 read with Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, as amended, please find enclosed herewith Monitoring Agency Report issued by Infomerics
Valuation and Rating Limited in respect of the utilization of the proceeds raised through issuance of
Equity Shares by way of Public Issue of the Company for the quarter ended June 30, 2026.
Kindly acknowledge receipt of the same and take it on record.
Thanking you,
Yours faithfully,
For PRODOCS SOLUTIONS LIMITED
Meghha nasi
Trivedi teasisos30
Meghha Trivedi
Company Secretary & Compliance Officer.
FCS No: F11110
Encl: as above
© © © Infomercs Ratings
1) e SEBI REGISTERED / RBI ACCREDITED/ NSIC
@ @ @ EMPANELLED CREDIT RATING AGENCY
Monitoring Agency Report
for Prodocs Solutions Limited
for the Quarter ended June 30, 2026
© © © Infomercs Ratings
1) e SEBI REGISTERED / RBI ACCREDITED/ NSIC
ee @ —EMPANELLED CREDIT RATING AGENCY
Monitoring Agency Report
August 14, 2026
Prodocs Solutions Limited
6/19, 1" Floor, Transmission House,
Compound No. 82, MIDC, Andheri East
Mumbai — 400059
Dear Sir,
Monitoring Agency Report for the Quarter ended June 30, 2026 - in relation to the Initial
Public issue of Prodocs Solutions Limited (“The Company”)
We write in our capacity of Monitoring Agency for the initial public issue of fresh equity shares
for the amount aggregating to Rs. 22.08 crore of the Company and refer to our duties cast under
162A of the Securities & Exchange Board of India (Issue of Capital & Disclosure
Requirements) Regulations, 2018 (SEBI ICDR 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 21
November 2025.
Request you to kindly take the same on records.
Thanking you,
For and on behalf of Infomerics Valuation and Rating Limited
GAURAV NAVEEN_ Digitally signed by GAURAV
NAVEEN JAIN
JAI N Date: 2026.08.14 13:24:12 +05'30'
Gaurav Jain
(Director - Ratings)
gaurav.jain@infomerics.com
© © © Infomercs Ratings
(fe SEBI REGISTER/ ERBDI ACCREDITED/ NSIC
ee @ —EMPANELLED CREDIT RATING AGENCY
Report of the Monitoring Agency
Name of the Issuer: Prodocs Solutions Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Infomerics Valuation and Rating Limited
(a) Deviation from the objects: Nil (Refer Note 1 below)
(b) Range of Deviation: NA
Note 1: As per the prospectus, a minimum of Rs. 2.00 crore out of the total Rs. 4.43 crore
earmarked for Object No. 1 and the entire Rs. 3.29 crore earmarked towards object no 5- General
Corporate Purposes (GCP) were to be utilised by the end of Q4 FY2026. However, the company
has utilised only Rs. 1.63 crore towards Object No.1 till Q1FY27, while the amount of Rs. 0.02
crore is yet to be utilized towards GCP. Further, as per prospectus page no. 96, the extent to which
the company is unable to utilize any portion of the Net Proceeds towards the objects of the
prospectus in accordance with the estimated schedule, the company shall deploy the Net Proceeds
in the subsequent fiscal years towards these objects. Considering the same, the delay in utilization
is not reported as deviation.
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
© © © Infomercs Ratings
(fe SEBI REGISTER/ ERBDI ACCREDITED/ NSIC
ee @ —EMPANELLED CREDIT RATING AGENCY
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 declare that we do not have any direct / indirect interest in or relationship with the
issuer/promoters/directors/management and also confirm that we do not perceive any conflict of
interest in such relationship / interest while monitoring and reporting the utilization of issue
proceeds by the issuer.
We further declare that this report provides true and fair view of the utilization of issue proceeds.
Digitally signed by GAURAV
GAU RAV NAVEEN JAIN
N AVE F N JAI N ip: ane 13:24:32
Signature:
Name of the Authorized Person/Signing Authority: Gaurav Jain
Designation of Authorized person/Signing Authority: Director - Ratings
Seal of the Monitoring Agency:
Date: August 14, 2026
Prodocs Solutions Limited Date of Meeting: August 13, 2026
IPO Monitoring
1) Issuer Details:
Name of the issuer: Prodocs Solutions Limited
Names of the promoters of the issuer: Nidhi Parth Sheth
Manan H Kothari
Pallavi Hiren Kothari
Forum Abhay Kapashi
Onus Digital Services Private Limited
Industry/sector to which it belongs: The Company is engaged in providing Business Process Outsourcing services.
2) Issue Details:
Issue Period: December 08, 2025, to December 10, 2025 (Anchor offer opened / closed on December 05, 2025)
Type of issue (public/rights): Public Issue & Offer for Sale
Type of specified securities: Equity shares
Grading: Not Applicable
Total Issue size (Rs in Crores): Rs. 27.60 crores (Note No. 1 and Note 2)
Note 1
Prodocs Solutions Limited Date of Meeting: August 13, 2026
IPO Monitoring
The offer comprised of 20,00,000 equity shares of Rs. 10 each at an offer price of Rs. 138.00 per equity share, aggregating to Rs. 27.60 crore,
including a fresh issue of 16,00,000 equity shares aggregating to Rs. 22.08 crore and an offer for sale of 4,00,000 equity shares aggregating to Rs.
5.52 crore.
Note 2
Particulars Fresh Issue Offer for Sale Total
(Rs. in crore) (Rs. in crore) (Rs. in crore)
Gross Proceeds Received from IPO 22.08 5.52 27.60
Less: Issue Related Expenses 2.17* 0.54* 2.71*
Net Proceeds 19.91 4.98 24.89
*Issue related expenses as per prospectus
Note: Total amount earmarked for issue related expenses is Rs. 2.71 crore, out of which Rs. 2.17 crore to be borne by the Company and Rs. 0.54
crore to be borne by the Selling Shareholders. During Q1 FY2027 the company utilized Rs. 0.33 crore towards the issue related expenses.
2) Details of the arrangement made to ensure the monitoring of issue proceeds:
Particulars Reply Source of information / Comments of Monitoring Comments of
certifications considered by Agency Board of
Monitoring Agency for Directors
preparation of report
Whether all the utilization is as per Utilizations are as per the Bank Statement, CA Refer Note 1 No Comments
disclo
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