NSEMonitoring Agency Report5d ago · 14 Aug 2026, 06:06 pm
Monitoring Agency Report
Anlon Healthcare Limited · AHCL
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Anlon Healthcare Limited has submitted a Monitoring Agency Report for the quarter ended June 30, 2026, as per SEBI regulations, detailing the utilization of IPO proceeds. The report states that there was a deviation from the objects stated in the Prospectus, but it was in line with the change of objects approved by shareholders. The company has expanded the scope of the object to include inorganic growth and upgradations.
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Full Announcement
Submission of Monitoring Agency Report for the quarter ended June 30, 2026.
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ANLON2013_14082026180632_AHLMonitoringAgencyReport14082026Signed.pdf
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August 14, 2026
To, To,
Listing Department, The National Stock Exchange of India
BSE Limited Ltd.
Phiroze Jeejeebhoy Towers, The Listing Department
Dalal Street, Exchange Plaza,
Mumbai – 400 001 Bandra – Kurla Complex,
Ref: BSE Scrip Code: 544497 Mumbai – 400051,
NSE Scrip Code: AHCL
Sub: Submission of Monitoring Agency Report for the quarter ended June 30,
2026.
Dear Sir/Madam,
Pursuant to Regulation 30 and 32 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, and Regulation 41(2) of SEBI (Issue of Capital and
Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”), please find
enclosed herewith the Monitoring Agency Report issued by CRISIL RATINGS LIMITED
for the quarter ended June 30, 2026.
You are requested to take the above information on your record.
Thanking You.
Yours Faithfully,
For ANLON HEALTHCARE LIMITED
PUNITKUMAR RASADIA
MANAGING DIRECTOR
DIN: 06696258
ANLON HEALTHCARE LIMITED
CIN No.: L24230GJ2013PLC077543
REGISTERED OFFICE: 101/102, Silver Coin Complex, Opp. Crystal Mall, Kalawad Road,
Rajkot-360005, Gujarat (INDIA)
PHONE NO.: +91-7069690081/82 | Email: info@anlonhealthcare.com | www.anlon.in
Monitoring Agency Report
Anlon Healthcare Limited
for the quarter ended
June 30, 2026
CRL/MAR/ANLHLP/2026-27/1956
August 14, 2026
Anlon Healthcare Limited
101/102, Silvercoin Complex, Opp. Crystal Mall,
Kalawad Road, Rajkot – 360 005, Gujarat, India
Dear Sir,
Sub: Final Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Initial Public
Offer (“IPO”) of Anlon Healthcare Limited (“the Company”)
Pursuant to Regulation 41(2) of SEBI (lssue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI
ICDR Regulations”) and Monitoring Agency Agreement dated August 12, 2025, enclosed herewith the Final
Monitoring Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI
ICDR Regulations towards utilization of proceeds of IPO for the quarter ended June 30, 2026.
Request you to kindly take the same on records.
Thanking you,
For and on behalf of Crisil Ratings Limited
Shounak Chakravarty
Director, Ratings (LCG)
Final Report of the Monitoring Agency (MA)
Name of the issuer: Anlon Healthcare Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Crisil Ratings Limited
(a) Deviation from the objects: No, Refer Note 1
Note 1: During the quarter ending March 31, 2026, deviation was observed in the utilization of funds against the objects
stated in the Prospectus however, utilization was in line with change of objects as per the Shareholder’s approval dated
January 07, 2026. Specifically, the Company has expanded the scope of the object viz. “Funding capital expenditure
requirements for expansion of Manufacturing Facility (“Proposed Expansion”)” and added “proposed expansion through
inorganic growth and further upgradations”
(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 we do not perceive
any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the
issuer.
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: Shounak Chakravarty
Designation of Authorized person/Signing Authority: Director, Ratings (LCG)
1) Issuer Details:
Name of the issuer: Anlon Healthcare Limited
Names of the promoter: a. Punit Kumar R Rasadia
b. Meet Atul Kumar Vachhani
Industry/sector to which it belongs: Pharmaceuticals
2) Issue Details
Issue Period: Tuesday, August 26, 2025, to Friday, August 29, 2025
Type of issue (public/rights): Initial Public Offer (IPO)
Type of specified securities: Equity Shares
IPO Grading, if any: NA
Issue size: Fresh Issue - Rs 12,103.00 lakh*
*Note:
Particulars Amount (Rs lakh)
Gross proceeds of the Fresh Issue 12,103.00#
Less: Revised Issue Expenses 1428.66 (Refer Note 2)
Revised Net Proceeds 10,674.34 (Refer Note 2)
#Crisil Ratings shall be monitoring the gross proceeds.
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information/ Comments
Comments
certifications considered of the
Particulars Reply of the Board
by Monitoring Agency Monitoring
of Directors
for preparation of report Agency
Statutory Auditor
certificate^, Management
undertaking, Prospectus
Whether all utilization is as per the disclosures dated August 30, 2025 No No
in the Offer Document? (hereinafter referred as Comments Comments
“Offer Document”), Bank
Statements, Postal Ballot
Notice
Whether shareholder approval has been Statutory Auditor
obtained in case of material deviations from certificate^, Management No No
expenditures disclosed in the Offer undertaking, Comments Comments
Document? Shareholder’s resolution
Statutory Auditor
Whether the means of finance for the disclosed No No
No certificate^, Management
objects of the issue has changed? Comments Comments
undertaking
Source of information/ Comments
Comments
certifications considered of the
Particulars Reply of the Board
by Monitoring Agency Monitoring
of Directors
for preparation of report Agency
Is there any major deviation observed over the No No
earlier monitoring agency reports? Comments Comments
Whether all Government/statutory approvals No No
related to the object(s) have been obtained? Comments Comments
Whether all arrangements pertaining to
No No
technical assistance/collaboration are in NA Statutory Auditor
Comments Comments
operation? certificate^, Management
undertaking
Are there any favorable events improving the No No
viability of these object(s)? Comments Comments
Are there any unfavorable events affecting the No No
viability of the object(s)? Comments Comments
Is there any other relevant information that
No No
may materially affect the decision making of No
Comments Comments
the investors?
NA represents Not Applicable
^ Based on Certificate dated August 05, 2026, issued by M/s R V D & Co, Chartered Accountants (Firm Registration Number:
143936W), Statutory Auditor of the Company.
4) Details of object(s) to be monitored:
i. Cost of the object(s):
Source of Original Comments of the Board of
information/ cost Directors
Revised Comment of
Sr. certification (as per the P
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