NSEMonitoring Agency Report5d ago · 14 Aug 2026, 06:13 pm
Monitoring Agency Report
Amir Chand Jagdish Kumar (Exports) Limited · AEROPLANE
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Amir Chand Jagdish Kumar (Exports) Limited 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 public issue.
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Pursuant to the regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and regulation 41(4) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed the Monitoring Agency Report for the quarter ended June 30, 2026, issued by Care Ratings Limited, Monitoring Agency, appointed to monitor the utilization of proceeds of the public issue of the Company.
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August 14, 2026
BSE Limited National Stock Exchange of India Ltd
Phiroze Jeejeebhoy Tower, Exchange Plaza, 5th Floor, Plot C/1, G Block,
Dalal Street, Bandra - Kurla Complex, Bandra (E),
Mumbai - 400 001. Mumbai - 400 051.
BSE Scrip Code: 544743 NSE Symbol: AEROPLANE
Dear Sir(s) / Madam(s),
Sub: Submission of Monitoring Agency Report for the quarter ended June 30, 2026
Pursuant to the regulations 32(6) of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 and regulation 41(4) of the Securities and Exchange Board
of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed the
Monitoring Agency Report for the quarter ended June 30, 2026, issued by Care Ratings Limited,
Monitoring Agency, appointed to monitor the utilization of proceeds of the public issue of the Company.
The aforesaid information will be made available on the Company's website at www.aeroplanerice.com
This is for your information, record and necessary dissemination to all the stakeholders.
Thanking you,
Yours faithfully,
For Amir Chand Jagdish Kumar (Exports) Limited
Sadhna Khurana
Company Secretary and Compliance Officer
Mem. No. A24534
No. CARE/NRO/GEN/2026-27/1112
The Board of Directors
Amir Chand Jagdish Kumar (Exports) Limited
Ground Floor, 2735/9, Mohan Lal Palace, Naya Bazar, Chandni Chowk Area
Delhi, New Delhi, India - 110006
August 14, 2026
Dear Sir,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the IPO of Amir Chand
Jagdish Kumar (Exports) Limited (“the Company”)
We write in our capacity of Monitoring Agency for the Initial Public Offer (IPO) for the amount aggregating to Rs. 440.00
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 January 29, 2026.
Request you to kindly take the same on records.
Thanking you,
Yours faithfully,
Rajan Sukhija
Associate Director
Rajan.Sukhija@careedge.in
CARE Ratings Limited
9th floor, C-001/A2, Berger Towers, Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital
Noida, Road, Off Eastern Express Highway, Sion (East),
Gautam Budh Nagar, Uttar Pradesh -201301 Mumbai - 400 022
Phone: +91-120-4452000 Phone: +91-22-6754 3456
Email: care@careedge.in • www.careedge.in
CIN-L67190MH1993PLC071691
Report of the Monitoring Agency
Name of the issuer: Amir Chand Jagdish Kumar (Exports) Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: CARE Ratings Limited
(a) Deviation from the objects: Nil
(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: Rajan Sukhija
Designation of Authorized person/Signing Authority: Associate Director
CARE Ratings Limited
9th floor, C-001/A2, Berger Towers, Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital
Noida, Road, Off Eastern Express Highway, Sion (East),
Gautam Budh Nagar, Uttar Pradesh -201301 Mumbai - 400 022
Phone: +91-120-4452000 Phone: +91-22-6754 3456
Email: care@careedge.in • www.careedge.in
CIN-L67190MH1993PLC071691
1) Issuer Details:
Name of the issuer : Amir Chand Jagdish Kumar (Exports) Limited
Name of the promoter : Jagdish Kumar Suri, Rahul Suri, Ramnika Suri
Industry/sector to which it belongs : Other Agricultural Products
2) Issue Details
Issue Period : March 24, 2026, to March 27, 2026
Type of issue (public/rights) : Initial Public Offer
Type of specified securities : Equity Shares
IPO Grading, if any : Not applicable
Issue size (in crore) : Rs. 440.00 crore
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information /
certifications considered Comments of the Comments of the
Particulars Reply
by Monitoring Agency for Monitoring Agency Board of Directors
preparation of report
Bank statement, CA The IPO proceeds have been utilized
Whether all utilization is as per the disclosures
Yes Certificate* and Management towards the objectives mentioned in the No comments
in the Offer Document?
Certificate offer document.
Whether shareholder approval has been Bank statement, CA
No material
obtained in case of material deviations# from certificate* and Management Not applicable No comments
deviation
expenditures disclosed in the Offer Document? certificate
A substantial portion amounting to Rs. The said proceeds were utilized in
398.18 crore out of the total allocation of Q1FY27 strictly towards the object
Whether the means of finance for the CA certificate* and
No Rs. 400.00 crore was utilized towards specified in the Offer Document, i.e.,
disclosed objects of the issue have changed? Management certificate
working capital requirements during working capital requirements. The
Q1FY27. Accordingly, while the proceeds accelerated utilization was driven by
CARE Ratings Limited
9th floor, C-001/A2, Berger Towers, Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital
Noida, Road, Off Eastern Express Highway, Sion (East),
Gautam Budh Nagar, Uttar Pradesh -201301 Mumbai - 400 022
Phone: +91-120-4452000 Phone: +91-22-6754 3456
Email: care@careedge.in • www.careedge.in
CIN-L67190MH1993PLC071691
Source of information /
certifications considered Comments of the Comments of the
Particulars Reply
by Monitoring Agency for Monitoring Agency Board of Directors
preparation of report
have been deployed towards the stated operational requirements to support
object of the Issue, this accelerated ongoing revenue growth and business
utilization may have implications for the expansion during the quarter. Also, due
company's future working capital to less utilization of bank credit limit
requirements and funding position. company saved on interest cost.
Is there any ma
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