Smarten Power Systems Limited has announced the rescheduling of its H2/FY'26 earnings conference call for investors and analysts. The meeting was initially slated for May 22, 2026, at 05:00 P.M. (IST) but has been deferred until further notice due to unavoidable circumstances.

The company stated that the decision was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The revised schedule for the earnings conference call will be communicated separately in due course.

Event Details

The intimation was addressed to the Listing Department of the National Stock Exchange of India Limited to ensure the information is placed on record.

Smarten Power Systems Limited has submitted its Monitoring Agency Report for the half year ended March 31, 2026, in compliance with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 41(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report was filed with the National Stock Exchange of India Limited on May 07, 2026, and covers the utilisation of proceeds raised through the company's Initial Public Offer. Notably, the company has voluntarily complied with these regulations, as it is an SME-listed entity with a fresh issue size of INR 40.01 Cr. The report was prepared by Acuité Ratings and Research Limited and signed by Vikas Mishra, Deputy Vice President — Process Excellence, on May 06, 2026.

Monitoring Agency and Issue Overview

The Monitoring Agency Report was prepared by Acuité Ratings and Research Limited for the period designated as H2-FY2025-26. The IPO was open during the period July 07, 2025 to July 09, 2025, and comprised a public issue of equity shares. The report confirms no deviation from the objects of the issue and notes no material facts requiring special disclosure. Key details of the issue are summarised below:

The company's promoters include Mr. Arun Bhardwaj, Mr. Rajnish Sharma, Mr. Ravi Dutt, and Mr. Tirath Singh Khaira.

IPO Proceeds Utilisation — Object-wise Breakdown

As at the end of the half-year period ending March 31, 2026, the company had utilised INR 38.99 Cr. out of the total IPO proceeds of INR 40.01 Cr. The remaining unutilised amount of INR 1.02 Cr. relates entirely to the funding of capital expenditure requirements. The following table provides a detailed object-wise summary of IPO proceeds utilisation:

The Monitoring Agency noted that for the capital expenditure object, the issuer initially funded expenditure from its own resources and subsequently reimbursed the amount using IPO proceeds, in accordance with the terms specified in the prospectus.

Delay in Capital Expenditure Implementation

The Monitoring Agency identified a delay in the implementation of the capital expenditure object. As per the Offer Document, the completion date for funding capital expenditure requirements was March 31, 2026; however, the status as on the date of the report remains work-in-progress, with a recorded delay of 36 days. The company stated that it will utilise the remaining funds in the near future, as mentioned in the stated objects in the prospectus.

The unutilised balance of INR 1.02 Cr. is held across the following accounts:

• INR 0.720 Cr. available in the ICICI Overdraft account
• INR 0.300 Cr. available in the ICICI Monitoring Account
• INR 0.004 Cr. available in the ICICI Escrow Account

General Corporate Purpose Utilisation

The entire allocation of INR 4.70 Cr. towards General Corporate Purposes was fully utilised during H2 FY2025-26, as confirmed by the Monitoring Agency. The breakdown of expenditure under this head is as follows:

Monitoring Agency Observations

The Monitoring Agency confirmed that no material deviation from the objects of the issue was observed, no change in the means of finance was noted, and no unfavourable events affecting the viability of the objects were identified. Additionally, no government or statutory approvals were required for the objects, and no technical assistance or collaboration arrangements were applicable. The report was prepared on the basis of documents provided by the issuer, including the prospectus, bank statements, and a Statutory Auditors Certificate issued by Mahesh Yadav & Company. The report was filed by Vandita Tripathi, Company Secretary and Compliance Officer, on May 07, 2026.