INDO SMC Ltd

⚠️ Indo SMC Ltd Faces Monitoring Report Qualification Due to Non-Cooperation

- Indo SMC Limited's Monitoring Agency Report for Q1 2026 was qualified due to non-cooperation.

- Crisil Ratings made multiple attempts (emails & letters) to obtain required documents but received no response.

- IPO raised ₹9,194.79 lakhs (net ₹8,459.60 lakhs) for:

• Plant & machinery (₹2,570.67 lakhs)

• Working capital (₹5,200.00 lakhs)

• General corporate purposes (₹688.93 lakhs)

- Crisil unable to verify fund utilization or deviations due to lack of information.

- Stakeholders cautioned about incomplete assessment risks.