A Monitoring Agency report indicates that Sambhaavdeep Securities Limited (SSTL) has utilized Rs. 1.50 crore of the Rs. 22.46 crore net proceeds allocated for General Corporate Purposes (GCP) since its initial public offering, primarily for reimbursement of raw material purchases. The company also utilized Rs. 0.20 crore for issue-related expenses, leaving Rs. 1.70 crore unutilized. The timeline for GCP fund utilization was extended from March 2026 to September 30, 2026, due to delays in vendor invoice submissions. The report notes that all fund deployments and the timeline extension were approved by SSTL’s Board of Directors, and the agency’s assessment is based on information provided by the company’s management and auditors, without independent auditing.