Sugs Lloyd Limited Submits Q3 FY26 Monitoring Agency Report for IPO Proceeds Utilization

Sugs Lloyd Limited has submitted its monitoring agency report for the quarter ended December 31, 2025, in compliance with SEBI regulations regarding IPO proceeds utilization. The report, prepared by Acuite Ratings and Research Limited, provides a comprehensive overview of how the company has deployed funds raised through its Initial Public Offering. IPO Proceeds Utilization Overview The monitoring agency report reveals that Sugs Lloyd has utilized INR 73.71 crores out of its total IPO proceeds of INR 85.66 crores, leaving INR 11.94 crores unutilized as of December 31, 2025. The company's IPO was conducted from August 29, 2025 to September 02, 2025, raising the targeted amount for specified business objects. Parameter: Details Issue Period: August 29, 2025 to September 02, 2025 Issue Size: INR 85.66 crores Type of Issue: Public Issue Monitoring Agency: Acuite Ratings and Research Limited Reporting Quarter: Q3 FY2025-26 Object-wise Fund Deployment The company allocated its IPO proceeds across three primary objects as disclosed in the offer document. The monitoring agency confirmed that all utilizations align with the original disclosures without any material deviations. Object: Proposed Amount (INR Crores) Amount Utilized (INR Crores) Remaining (INR Crores) Working Capital Requirement: 64.00 52.54 11.46 General Corporate Purposes: 9.92 9.43 0.48 Public Issue Related Expenses: 11.74 11.74 Nil Total: 85.66 73.71 11.94 The company has fully utilized the allocated amount for public issue related expenses, while substantial progress has been made in deploying funds for working capital requirements and general corporate purposes. Deployment of Unutilized Funds The remaining INR 11.94 crores comprises INR 11.65 crores deployed as fixed deposits and INR 0.29 crores available in the ICICI Bank current account. The company has strategically invested the unutilized proceeds in fixed deposits with ICICI Bank and Yes Bank to earn returns while maintaining liquidity. Bank: Amount (INR Crores) Maturity Date Return Rate (%) Market Value (INR Crores) ICICI Bank FDs: 10.65 March 2026 4.00 10.77 Yes Bank FD: 1.00 March 31, 2026 6.00 1.02 Total Fixed Deposits: 11.65 11.79 Compliance and Monitoring Assessment The monitoring agency confirmed several key compliance aspects in its assessment. No deviations were observed from the objects disclosed in the offer document, and no changes were noted in the means of finance for the disclosed objects. The report indicates that government or statutory approvals are not required for the stated objects, as the primary focus is working capital deployment. Key findings from the monitoring assessment include: No material deviations from expenditures disclosed in the offer document No unfavorable events affecting the viability of the objects Proper documentation and certification by statutory auditors Compliance with SEBI listing and ICDR regulations The monitoring agency, Acuite Ratings and Research Limited, has provided an objective assessment based on information provided by the issuer and independent verification through statutory auditor certifications dated January 28, 2026. Sugs Lloyd Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, under Regulation 33 of SEBI Listing Regulations. The Board of Directors approved these results at their meeting held on February 5, 2026, demonstrating continued growth momentum in the power infrastructure sector. Q3FY26 Financial Performance The company delivered robust financial performance with significant year-over-year growth across key metrics. Revenue from operations reached ₹6,257.14 lakhs compared to ₹5,219.01 lakhs in the corresponding quarter of the previous year. Financial Metric: Q3FY26 Q3FY25 Growth (%) Revenue from Operations: ₹6,257.14 lakhs ₹5,219.01 lakhs +19.89% Total Income: ₹6,393.67 lakhs ₹5,255.18 lakhs +21.66% Profit Before Tax: ₹829.66 lakhs ₹648.18 lakhs +28.00% Net Profit: ₹610.35 lakhs ₹557.18 lakhs +9.54% Basic EPS: ₹3.17 ₹3.43 -7.58% Nine-Month Performance Overview For the nine months ended December 31, 2025, the company showed exceptional growth with revenue from operations increasing to ₹18,560.20 lakhs from ₹11,555.08 lakhs in the corresponding period of the previous year, representing a growth of 60.63%. Nine-Month Metrics: 9M FY26 9M FY25 Growth (%) Revenue from Operations: ₹18,560.20 lakhs ₹11,555.08 lakhs +60.63% Total Income: ₹18,808.29 lakhs ₹11,697.19 lakhs +60.79% Net Profit: ₹1,792.20 lakhs ₹1,167.38 lakhs +53.53% Basic EPS: ₹9.32 ₹7.18 +29.81% Operational Highlights and Capital Structure The company's operational efficiency improved with total expenses of ₹5,564.01 lakhs in Q3FY26 compared to ₹4,607.00 lakhs in Q3FY25. The paid-up equity share capital stands at ₹2,321.40 lakhs with a face value of ₹10.00 per share, reflecting the company's expanded capital base following its public listing. Recent Contract Win and Market Position The strong financial performance comes alongside the company's recent major contract win of ₹84.36 crore from BSES Yamuna Power Limited for network maintenance services in Delhi's Central Circle. This three-year contract, awarded in January 2026, reinforces the company's strategic focus on the Transmission and Distribution segment and demonstrates sustained demand for network maintenance solutions. With a current market capitalization of ₹250 crore, Sugs Lloyd Limited continues to strengthen its position as a leading EPC company in power infrastructure, serving blue-chip clients including NTPC, Tata Power, and various state DISCOMs across India. 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. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. 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