Flair Writing fully utilizes IPO proceeds of INR 273.037 Crore

flair writing industries has announced the full utilization of the net proceeds from its Initial Public Offer (IPO). The company submitted the final Monitoring Agency Report to the stock exchanges for the quarter ended March 31, 2026. The report, issued by ICRA Limited, confirms that the issuance proceeds were utilized in line with the objects of the issue, with no material deviations observed.

Utilization of IPO Proceeds

The company had raised net proceeds of INR 273.037 Crore through its IPO, which opened on November 22, 2023, and closed on November 24, 2023. The funds were allocated towards specific objects including setting up a new manufacturing unit, funding capital expenditure, working capital requirements, and repayment of borrowings. As per the report, the entire amount has been utilized, leaving no unutilized proceeds as of March 31, 2026.

Deployment of Funds

The Monitoring Agency verified the deployment of funds across various heads. The table below details the utilization of proceeds against the proposed amounts:

Object Head Amount Proposed [Rs. Crore] Amount Utilized [Rs. Crore] Setting up the New Valsad Unit 55.993 55.993 Funding capital expenditure for Company and Subsidiary 86.748 86.748 Funding working capital requirements for Company and Subsidiaries 77.000 77.000 Repayment/pre-payment of certain borrowings 43.000 43.000 General Corporate Purpose 10.296 10.296 Total 273.037 273.037

General Corporate Purpose Allocation

A total of INR 10.296 Crore was allocated for General Corporate Purpose (GCP). These funds were utilized for acquisitions, strategic initiatives, and brand building exercises across various quarters, including Q4FY2024, Q1FY2025, and Q4FY2025. The company confirmed that all statutory and regulatory approvals related to the objects have been obtained where applicable, and there were no unfavorable events affecting the viability of the projects.

Conclusion of Reporting

With the full utilization of the IPO proceeds, the company stated that the requirement for submission of any further Monitoring Agency Reports in respect of the IPO proceeds stands concluded. The report is available on the company's website.

Flair Writing Industries Limited has notified the stock exchanges of two key upcoming events: a Board of Directors meeting scheduled for Thursday, May 21, 2026, and an Earnings Conference Call on Friday, May 22, 2026. The board meeting intimation was filed on May 08, 2026, pursuant to Regulation 29(1)(a) and 29(1)(e) read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The earnings call intimation was subsequently filed on May 11, 2026, pursuant to Regulation 30 of the same regulations.

Board Meeting Agenda

The board meeting has been convened to address two primary agenda items, as outlined in the regulatory filing:

Agenda Item: Details Financial Results: Consider and approve Audited Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 2026, along with the Report of the Auditors Final Dividend: Consider and recommend final dividend on equity shares for the financial year 2025-26, in accordance with the Companies Act, 2013

Earnings Conference Call

Following the board meeting, Flair Writing Industries has scheduled an Earnings Conference Call on Friday, May 22, 2026 at 12:00 P.M. IST to discuss the Audited Financial Results for the quarter and year ended March 31, 2026. The transcript of the call will be made available on the company's website. The following senior management representatives are scheduled to participate in the call:

Management Representative: Designation Mr. Vimalchand Rathod Managing Director Mr. Mohit Rathod Whole Time Director Mr. Sumit Rathod Whole Time Director Mr. Alpesh Porwal Chief Financial Officer

Participants may join the call using the following access details:

Access: Details Primary Number: +91 22 6280 1550 / +91 22 7115 8378 Hong Kong (Toll Free): 800 964 448 Singapore (Toll Free): 800 101 2045 USA (Toll Free): 1 866 746 2133 UK (Toll Free): 0 808 101 1573 RSVP Contact: Ms. Darshi Jain, MUFG Intime India – IR Contact / Email: +91 9653139305 / darshi.jain@in.mpms.mufg.com

Trading Window Closure

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the Company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons, the trading window for dealing in securities of the company was closed from April 01, 2026. The trading window will continue to remain closed for all designated persons and their immediate relatives until 48 hours after the announcement of the financial results or the outcome of the Board Meeting on the stock exchanges.

Company Overview

Flair Writing Industries is an ISO 9001:2015, ISO 14001:2015, and SA 8000:2014 certified company, headquartered at Flair House, Marol Industrial Area, MIDC, Andheri (East), Mumbai. The company operates manufacturing units across multiple locations:

Location: Unit Details Mumbai (Unit I): Trinity Ind. Park, Survey No. 14, 15, 16, National Highway 8, Naigaon (E), Palghar 401 208, Maharashtra Daman (Unit II): Survey No. 709/12 & 18, Somnath Road, Dabhel, Daman 396 210 Daman (Unit III): Survey No. 377/1, Plot No. 19 & 21, Zari Causeway Road, Kachigam, Daman 396 210 Daman (Unit IV): Survey No. 370/2 A, Vapi Road, Kachigam, Daman 396 210 Dehradun: Khasra No. 1049/2, 1050/1, Twin Industrial Estate, Central Hope Town, Selaqui, Dehradun 248 011, Uttarakhand Valsad: Survey No. 253, Village Shankar Talao, National Highway 8, Valsad 396 375, Gujarat

Both filings were signed by Vishal Kishor Chanda, Company Secretary and Compliance Officer.

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