BSECompany Update5d ago · 14 Aug 2026, 04:27 pm
Monitoring Agency Report for the quarter ended on 30.06.2026
SSMD Agrotech India Ltd · 544621
✦ AI SummaryResults
SSMD Agrotech India Ltd has submitted a Monitoring Agency Report for the quarter ended June 30, 2026, as per SEBI regulations, detailing the utilization of issue proceeds from its initial public issue.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
SSMD Agrotech India Ltd - 544621 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Attachments (1)
📄pdf
Download →
69b81e89-9302-46f8-a7df-544386461fdf.pdf
View document text
Date: 14th August, 2026
The Manager
Listing Compliance Department
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai – 400001
Scrip Code: 544621
Scrip Name: SSMD
Subject: Submission of Monitoring Agency Report for the quarter ended 30th June,
2026
Dear Sir/Madam,
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we hereby submit the Monitoring Agency Report in respect of utilization
of proceeds of the Issue of the Company for the quarter ended 30th June, 2026.
We would like to inform you that the said Monitoring Agency Report has been duly reviewed
and considered by the Audit Committee and thereafter duly considered and adopted by the
Board of Directors of the Company, by way of Resolutions passed by Circulation on 13th
August 2026, in accordance with the applicable provisions of the Companies Act, 2013 and
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Monitoring Agency Report is enclosed herewith for your kind perusal and record.
Kindly take the same on record.
Thanking you,
Yours faithfully,
For SSMD Agrotech India Limited
Rajesh Thakur
Company Secretary & Compliance Officer
Membership No.: A71143
Email: cs@houseofmanohar.com
Monitoring Agency Report
for SSMD Agrotech India Limited
for the Quarter ended June 30, 2026
Monitoring Agency Report
August 14th, 2026
SSMD Agrotech India Limited
640-641, Siraspur, Libaspur,
North West Delhi,
Delhi-110042
Dear Sir,
Monitoring Agency Report for the Quarter ended June 30, 2026 - in relation to the Initial
Public issue of SSMD Agrotech India Limited (“The Company”)
We write in our capacity of Monitoring Agency for the initial public issue of equity shares for
the amount aggregating to Rs. 34.09 crore of the Company and refer to our duties cast under
262 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 18
October 2025.
Request you to kindly take the same on records.
Thanking you,
For and on behalf of Infomerics Valuation and Rating Limited
Vipin Jindal
(Director - Ratings)
vipin.jindal@infomerics.com
Report of the Monitoring Agency
Name of the Issuer: SSMD Agrotech India Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Infomerics Valuation and Rating Limited
(a) Deviation from the objects: No
(b) Range of Deviation: NA
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 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.
Signature:
Name of the Authorized Person/Signing Authority: Vipin Jindal
Designation of Authorized person/Signing Authority: Director - Ratings
Date: August 14th, 2026
1) Issuer Details:
Name of the issuer: SSMD Agrotech India Pvt Ltd
Names of the promoters of the issuer: Mr. Ishu Munjal, Mrs. Surbhi Munjal, and Mr. Jai Gopal Munjal
Industry/sector to which it belongs: SSMD Agrotech India Limited is involved in the manufacturing, trading, and repacking of agro-food products.
2) Issue Details:
Issue Period: November 25th to November 27th, 2025.
Type of issue (public/rights): Fresh Issue
Type of specified securities: Equity shares
Grading: Not Applicable
Issue size (Rs in Crores): Rs. 34.09 crores (Note No. 1)
Note 1
Initial public issue of 28,17,000 equity shares of face value of ₹10.00 each of our company for cash at a price of ₹ 121/- per equity share (including
a share premium of ₹ 111/- per equity share) aggregating up to ₹ 34.09 Crore.
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Particulars Reply Source of information / certifications Comments of Comments of
considered by Monitoring Agency Monitoring Board of
for preparation of report Agency Directors
Whether all the utilization is as per Yes Invoices, Ledgers, Bank Statements, No comments. No comments.
disclosure in Prospectus? CA Certificate* Management
declaration^
Whether Shareholder approval is Not Applicable Not Applicable None None
obtained in case of material deviations
from expenditures disclosed in Offer
Document?
Whether means of finance for There is no change in the means Not applicable No comments No comments
disclosed objects of the Issue has of finance for disclosed objects
changed?
Any major deviation observed over the None None None None
earlier monitoring agency reports?
Whether all Government / Statutory Yes Principal approval from BSE No Comments No Comments
approvals related to the object(s)
obtained?
Whether all arrangements pertaining to Not Applicable Not applicable Not Applicable Not Applicable
technical
assistance/collaboration in operation?
Any favourable events improving There are no events affecting Not applicable Nil Nil
object(s) viability the viability of these objects.
Any unfavourable events affecting There are no events affecting Not applicable Nil Nil
object(s) viability the viability of these objects.
Any other relevant information that There is no other relevant Not applicable Nil Nil
may materially affect the decision information that may affect the
making of the investors decision making of the investor
* The above details are verified by Chanana & Associates Chartered Accountants (Membership Number: 530041) statutory auditor of company vide
its CA certificate dated August 10, 2026.
^The above details are verified by Mr. Ishu Munjal –Managing Director of the company, vide its management declaration dated August 10, 2026.
4) Details of object(s)s to be monitored:
(i) Cost of object(s)-
Sl. No Item Head Source of Original cost Revised Cost in Rs. Comments of Comments of Board of Directors
information / (as per the Crore Monitoring
certifications Offer Agency
considered by Document) in
Monitoring Agency Rs. Crore
for preparation of
report
Reason of Proposed Particulars of firm
cost financing arrangements made
revision option
1 Funding of Working No No No comments
No change in cost
capital Requirement Final Prospectus* 13.1000 Not applicable comments comments
of object
of the Company
2 Repayment of No No No comments
portion of certain No change in cost comments comments
Final Prospectus* 6.8333 Not applicable
Borrowings availed of object
by our Company
3 Capital Expenditure No No No comments
to be incurred by the No change in cost comments comments
Final Pros
[Showing first 8,000 characters — download PDF for full document]