Oil India Q4 Profit Rises 12% To ₹1,790 Crore, Revenue Climb...
Source: Free Press Journal
All Time Plastics Limited has filed its Monitoring Agency Report for the quarter ended March 31, 2026, with BSE Limited and the National Stock Exchange of India Ltd, pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report was prepared by Crisil Ratings Limited in its capacity as the Monitoring Agency, in accordance with the Monitoring Agency Agreement dated July 31, 2025, and Schedule XI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The filing was signed by Antony Alapat, Company Secretary, on May 13, 2026.
Issue Details and Proceeds Overview
All Time Plastics raised funds through both an Initial Public Offer and a Pre-IPO private placement. The IPO, held from August 07, 2025, to August 11, 2025, involved a fresh issuance of equity shares with gross proceeds of Rs 2,800.00 million. After deducting issue expenses of Rs 228.91 million, the net proceeds available for deployment stood at Rs 2,571.09 million. The Pre-IPO placement, allotted on June 30, 2025, raised Rs 700.00 million through a private placement of equity shares. The combined gross issue total amounted to Rs 3,500.00 million.
Particulars: Amount (Rs in million) Gross IPO Proceeds: 2,800.00 Less: IPO Issue Expenses: 228.91 Net IPO Proceeds: 2,571.09 Pre-IPO Proceeds: 700.00 Gross Issue Total: 3,500.00
Utilisation of IPO Proceeds
The net IPO proceeds of Rs 2,571.09 million were earmarked across three objects: repayment of borrowings (Rs 1,430.00 million), purchase of equipment and machinery for the Manekpur Facility including installation of an automated storage and retrieval system (ASRS) (Rs 1,137.14 million), and general corporate purposes (Rs 3.95 million). The following table details the progress in utilisation of IPO proceeds as of the quarter ended March 31, 2026.
Item Head: Proposed (Rs mn) Opening Balance (Rs mn) During Quarter (Rs mn) Closing Balance (Rs mn) Unutilised (Rs mn) Repayment of Borrowings: 1,430.00 1,430.00 0.00 1,430.00 0.00 Manekpur Facility Equipment & ASRS: 1,137.14 140.39 92.76 233.15 903.99 General Corporate Purposes (GCP): 3.95 3.95 0.00 3.95 0.00 Sub-Total: 2,571.09 1,574.34 92.76 1,667.10 903.99 Issue Expenses: 228.91 228.91 0.00 228.91 0.00 IPO Total: 2,800.00 1,803.25 92.76 1,896.01 903.99
The repayment of borrowings and GCP allocations were fully utilised by the quarter ended December 31, 2025. During the quarter ended March 31, 2026, Rs 92.76 million was deployed towards the Manekpur Facility equipment and ASRS, bringing cumulative utilisation under this head to Rs 233.15 million against a planned Rs 1,137.14 million, leaving Rs 903.99 million unutilised.
Utilisation of Pre-IPO Proceeds
Of the Rs 700.00 million raised through the Pre-IPO placement, Rs 672.98 million was earmarked for general corporate purposes and Rs 27.02 million for issue expenses. The GCP funds were utilised towards the purchase of raw materials including Polypropylene, Nanolene PP Compound, and Packaging Material.
Item Head: Proposed (Rs mn) Opening Balance (Rs mn) During Quarter (Rs mn) Closing Balance (Rs mn) Unutilised (Rs mn) General Corporate Purposes (GCP): 672.98 419.57 237.89 657.46 15.52 Issue Expenses: 27.02 27.02 0.00 27.02 0.00 Pre-IPO Total: 700.00 446.59 237.89 684.48 15.52
During the quarter, Rs 237.89 million was utilised from Pre-IPO GCP funds, with cumulative utilisation reaching Rs 657.46 million. The Board of Directors approved the GCP utilisation vide resolution dated May 12, 2026.
Consolidated Utilisation Summary
Across both IPO and Pre-IPO proceeds, the grand total utilisation as at March 31, 2026, stood at Rs 2,580.49 million out of the total gross proceeds of Rs 3,500.00 million, with Rs 919.51 million remaining unutilised.
Particulars: Proposed (Rs mn) Opening (Rs mn) During Quarter (Rs mn) Closing (Rs mn) Unutilised (Rs mn) Grand Total (IPO + Pre-IPO): 3,500.00 2,249.84 330.65 2,580.49 919.51
During the quarter, the company transferred Rs 74.46 million from its Monitoring Agency account to its current account for funding working capital requirements and capital expenditures. By the end of the reported quarter, the entire transferred amount of Rs 74.46 million had been fully utilised, leaving no outstanding balance in the company's current account related to IPO proceeds.
Deployment of Unutilised Proceeds
The unutilised amount of Rs 919.51 million has been deployed across fixed deposits with IDBI Bank and Axis Bank, as well as in the Monitoring Agency account with Axis Bank. The table below summarises the deployment as at March 31, 2026.
Instrument: Amount Invested (Rs mn) Maturity Date Earnings (Rs mn) ROI (%) Market Value (Rs mn) FD – IDBI Bank (1487106000021605): 47.50 11/07/2026 2.11 6.16% 49.61 FD – IDBI Bank (1487106000021614): 50.00 11/07/2026 2.22 6.16% 52.22 FD – Axis Bank (926040059986341): 200.00 14/05/2026 1.52 5.90% 201.52 FD – Axis Bank (926040061243861): 250.00 23/05/2026 1.73 6.65% 251.73 FD – IDBI Bank (1487105000020040): 200.00 22/05/2026 1.24 5.80% 201.24 FD – IDBI Bank (1487105000020059): 100.10 08/04/2026 0.53 5.00% 100.63 FD – IDBI Bank (1487105000020208): 60.00 24/06/2026 0.05 5.05% 60.05 MA Account – Axis Bank (925020027208841): 11.91 NA NA NA 11.91 Total: 919.51
The company has confirmed that none of the unutilised funds have been encumbered as lien for any purpose.
Delay in Implementation and Key Notes
The Monitoring Agency noted a delay in the utilisation of funds earmarked for the purchase of equipment and machinery for the Manekpur Facility and ASRS installation. Against the planned utilisation of Rs 1,137.14 million in Fiscal 2026, the actual utilisation stood at Rs 233.15 million. The company attributed the delay to two primary factors:
Geopolitical Uncertainty: Prevailing geopolitical conditions have created uncertainty in the export markets in which the company operates, prompting a cautious approach to capital deployment.
Assessment of Consumer and Order Trends: The company is evaluating evolving consumer preferences and order trends across its product portfolio to ensure investments are aligned with emerging demand patterns and to procure the most appropriate machinery and equipment.
The company noted that the offer document itself provides for flexibility in vendor arrangements and fund deployment timelines, and the outstanding balance is planned for utilisation in the next fiscal. The Monitoring Agency confirmed no deviation from the objects of the issue, no change in the means of finance, and no major deviation from earlier monitoring agency reports. All government and statutory approvals related to the objects have been obtained.
The Monitoring Agency report was certified on the basis of a certificate dated May 07, 2026, issued by M/s Maheshwari & Co. Chartered Accountants (Firm Registration Number: 105834W), Peer-Reviewed Independent Chartered Accountant.
All time plastics Limited has informed stock exchanges about a key leadership change, with the resignation of Mr. Sanjeev Jain from his position as Vice President – Operations. The company filed the mandatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on April 30, 2026.
Resignation Details
Mr. Sanjeev Jain, who served as Vice President – Operations and was part of the senior management personnel, has tendered his resignation effective from the close of business hours on May 5, 2026. In his resignation letter addressed to Chief Human Resources Officer Mr. Amitrajit Ghosh, Mr. Jain stated that personal reasons and family commitments necessitated his departure from the organization.
Parameter: Details Position: Vice President – Operations Effective Date: May 5, 2026 Reason: Personal reasons and family commitments Plant Location: Khatalwada Management Level: Senior Management Personnel
Official Documentation
The resignation letter was formally submitted on April 30, 2026, and signed by Mr. Jain on the same date. Company Secretary Antony Alapat completed the regulatory filing with both BSE Limited and National Stock Exchange of India Limited, ensuring compliance with SEBI regulations.
Filing Details: Information Filing Date: April 30, 2026 Company Secretary: Antony Alapat (ICSI M.No.A34946) BSE Scrip Code: 544479 NSE Stock Code: ALLTIME Regulation: SEBI (LODR) Regulations, 2015
Regulatory Compliance
The company has fulfilled its regulatory obligations by notifying both stock exchanges about this senior management change. The disclosure was made pursuant to Regulation 30(2) read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015. The filing confirms that the departure is solely due to personal circumstances, with no other factors contributing to the resignation decision.
Company Information
All Time Plastics Limited, formerly known as All Time Plastics Private Limited, operates from its registered office at B-30, Royal Industrial Estate, Naigaum Cross Road, Wadala, Mumbai. The company maintains its corporate identification number as CIN: L25209MH2001PLC131139 and continues its operations across multiple facilities including the Khatalwada plant where Mr. Jain was stationed.
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Source: scanx.trade
Source: Free Press Journal