Flair Writing Industries Reports Compliant IPO Proceeds Utilization in Q3 FY26 Monitoring Report

Flair Writing Industries Limited has filed its quarterly monitoring agency report for Q3 FY26 with BSE and NSE, demonstrating compliant utilization of Initial Public Offer proceeds. The report, prepared by ICRA Limited as the appointed monitoring agency, confirms adherence to disclosed investment objectives without any material deviations. IPO Proceeds Utilization Progress The company's ₹273.037 crore net IPO proceeds continue to be deployed according to the original plan outlined in the offer document. During Q3 FY26, Flair Writing Industries utilized ₹8.171 crore, bringing the cumulative utilization to ₹253.885 crore. Utilization Parameter: Amount (₹ Crore) Total Net Proceeds: 273.037 Utilized at Quarter Start: 245.714 Utilized During Q3 FY26: 8.171 Total Utilized: 253.885 Remaining Unutilized: 19.152 Object-wise Implementation Status The monitoring report reveals significant progress across multiple investment categories. Four of the five stated objects have achieved complete utilization, while the Valsad unit setup remains the primary ongoing initiative. Investment Object: Allocated Amount (₹ Crore) Utilized Amount (₹ Crore) Remaining (₹ Crore) Status New Valsad Unit Setup: 55.993 36.841 19.152 In Progress Capital Expenditure: 86.748 86.748 Nil Completed Working Capital Requirements: 77.000 77.000 Nil Completed Debt Repayment: 43.000 43.000 Nil Completed General Corporate Purpose: 10.296 10.296 Nil Completed The ₹8.171 crore quarterly utilization was directed entirely toward the Valsad unit establishment, which remains on schedule for completion within the FY25-FY26 timeframe as originally planned. Deployment of Unutilized Funds The remaining ₹19.152 crore is strategically invested in fixed deposits with Axis Bank, generating steady returns while maintaining liquidity for ongoing project requirements. Investment Details: Amount (₹ Crore) Maturity Date Return Rate Market Value (₹ Crore) Fixed Deposit 1: 2.341 March 2, 2026 4.00% 2.345 Fixed Deposit 2: 5.000 January 23, 2026 4.80% 5.014 Fixed Deposit 3: 5.000 March 6, 2026 5.00% 5.014 Fixed Deposit 4: 6.829 March 25, 2026 5.00% 6.848 Total: 19.170 - - 19.221 The deployment strategy has generated ₹0.051 crore in interest income during the quarter, with returns ranging from 4.00% to 5.00% across different maturity periods. Regulatory Compliance and Monitoring ICRA Limited's comprehensive assessment confirms full regulatory compliance under SEBI regulations. The monitoring agency verified that all utilization aligns with offer document disclosures, with no requirement for shareholder approval due to absence of material deviations. The report confirms that means of finance for disclosed objects remain unchanged, and no unfavorable events have affected project viability. The General Corporate Purpose allocation of ₹10.296 crore has been fully utilized across strategic initiatives including acquisitions (₹8.588 crore) and brand building exercises (₹1.708 crore) spanning from Q4 FY24 to Q4 FY25. Flair Writing Industries Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing robust performance across key financial metrics. The Board of Directors, in their meeting held on January 29, 2026, approved the quarterly results and declared an interim dividend for shareholders. Consolidated Financial Performance The company delivered strong consolidated financial results for Q3FY26, demonstrating significant year-over-year growth across revenue and profitability metrics. Metric Q3FY26 Q3FY25 Nine Months FY26 Nine Months FY25 Revenue from Operations ₹31,769.85 lakhs ₹26,454.77 lakhs ₹92,715.63 lakhs ₹78,181.52 lakhs Total Income ₹32,081.90 lakhs ₹27,107.19 lakhs ₹94,208.16 lakhs ₹79,838.61 lakhs Net Profit After Tax ₹3,314.04 lakhs ₹2,926.88 lakhs ₹10,482.16 lakhs ₹8,824.49 lakhs Basic EPS ₹3.11 ₹2.78 ₹9.87 ₹8.42 The consolidated revenue from operations increased substantially to ₹31,769.85 lakhs in Q3FY26 from ₹26,454.77 lakhs in the corresponding quarter of the previous year. For the nine-month period, consolidated revenue reached ₹92,715.63 lakhs compared to ₹78,181.52 lakhs in the previous year, reflecting strong business momentum. Standalone Financial Results The standalone financial performance also showed positive trends, with the company maintaining healthy profitability margins across quarters. Parameter Q3FY26 Q3FY25 Nine Months FY26 Nine Months FY25 Revenue from Operations ₹25,617.65 lakhs ₹22,904.47 lakhs ₹76,164.10 lakhs ₹69,274.21 lakhs Net Profit After Tax ₹2,533.97 lakhs ₹2,694.34 lakhs ₹8,893.90 lakhs ₹8,458.00 lakhs Basic EPS ₹2.40 ₹2.56 ₹8.44 ₹8.03 Standalone revenue from operations for Q3FY26 was ₹25,617.65 lakhs compared to ₹22,904.47 lakhs in Q3FY25. The nine-month standalone revenue reached ₹76,164.10 lakhs against ₹69,274.21 lakhs in the corresponding period of the previous year. Interim Dividend Declaration The Board of Directors declared an interim dividend of ₹0.50 per equity share of face value ₹5 each for the financial year 2025-26, representing 10% of the face value. Dividend Details Specification Interim Dividend ₹0.50 per share Face Value ₹5 per share Record Date February 4, 2026 Percentage of Face Value 10% The record date for determining shareholder entitlement to the interim dividend has been fixed as Wednesday, February 4, 2026. Shareholders whose names appear in the Register of Members or in the records of Depositories as beneficial owners on the record date will be eligible for the dividend payment. IPO Proceeds Utilization The company provided an update on the utilization of IPO proceeds raised during the financial year ended March 31, 2024. Out of the total net proceeds of ₹27,303.72 lakhs, the company has utilized ₹25,388.49 lakhs across various strategic initiatives. Utilization Category Estimated Amount Utilized Amount Unutilized Amount Setting up new Valsad unit ₹5,599.30 lakhs ₹3,684.07 lakhs ₹1,915.23 lakhs Capital expenditure funding ₹8,674.80 lakhs ₹8,674.80 lakhs - Working capital requirements ₹7,700.00 lakhs ₹7,700.00 lakhs - Debt repayment ₹4,300.00 lakhs ₹4,300.00 lakhs - General corporate purposes ₹1,029.62 lakhs ₹1,029.62 lakhs - The unutilized proceeds of ₹1,915.23 lakhs are temporarily invested in Fixed Deposits. The company completed its IPO of 1,95,06,578 equity shares at an issue price of ₹304 per share, comprising fresh issue of 96,05,263 equity shares. Business Operations and Compliance Flair Writing Industries operates primarily in the manufacturing of writing instruments, stationeries and allied products, with only one reportable segment under Ind AS 108. The company maintains ISO 9001:2015, ISO 14001:2015 and SA 8000:2014 certifications, reflecting its commitment to quality and compliance standards. The financial results have been prepared in accordance with Indian Accounting Standards and reviewed by statutory auditors Jeswani & Rathore Chartered Accountants, who issued unmodified review reports for both standalone and consolidated results. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. 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