BSECompany Update6d ago · 14 Aug 2026, 03:04 pm

As per attached

Prodocs Solutions Ltd · 544643

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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.

Analysis Scores

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 [Showing first 8,000 characters — download PDF for full document]