ArisInfra Solutions Limited has submitted its monitoring agency report for the quarter ended December 31, 2025, under SEBI Regulation 32(6) regarding the utilization of IPO proceeds. The report, prepared by ICRA Limited as the appointed monitoring agency, confirms that the company's fund utilization remains aligned with the disclosed objects of the issue without any material deviations.

Issue Details and Proceeds

The company completed its Initial Public Offer during June 18-20, 2025, raising INR 499.596 crore. Additionally, a Pre-IPO placement contributed INR 80.004 crore, bringing the total monitored proceeds to INR 579.60 crore for Q3FY26.

The actual net proceeds exceeded the prospectus estimate by INR 7.429 crore due to lower-than-expected issue-related expenses, which decreased from INR 38.154 crore to INR 30.725 crore.

Fund Utilization Objectives

The IPO proceeds are being deployed across four primary objectives as outlined in the offer document:

The revision in general corporate purposes allocation from INR 31.842 crore to INR 39.271 crore represents the unutilized expense amount being redirected as permitted under the offer document terms.

Quarterly Progress and Deployment

During Q3FY26, the company utilized INR 25.465 crore from IPO proceeds across various objectives. The total unutilized IPO amount stands at INR 11.833 crore as of December 31, 2025. For Pre-IPO proceeds, the company reported negative net utilization during the quarter due to refunds totaling INR 11.000 crore, including:

• INR 1.000 crore refund from management deposit with Natureresidences Real Estate Development Private Limited
• INR 10.000 crore full refund of earnest money deposit from Call Express Construction

Investment of Unutilized Funds

The company has deployed unutilized proceeds in term deposits and maintains balances across various designated accounts:

IPO Proceeds Deployment:

Pre-IPO Proceeds Deployment:

Compliance and Timeline Status

ICRA Limited confirmed that all utilization aligns with offer document disclosures, with no shareholder approval required for deviations. The monitoring agency reported no unfavorable events affecting project viability and confirmed that all statutory approvals have been obtained. All objects remain on schedule according to the planned timeline, with debt repayment and general corporate purposes targeted for FY2026, while working capital funding extends through FY2027.

The report demonstrates the company's adherence to regulatory requirements and transparent deployment of raised capital according to stated objectives, providing investors with detailed visibility into fund utilization progress.

Arisinfra Solutions Limited has reported robust financial performance for Q3FY26, demonstrating strong operational recovery and growth momentum. The construction materials trading company announced its unaudited financial results for the quarter ended December 31, 2025, showing significant improvement across key financial metrics.

Strong Revenue Growth and Profitability Turnaround

The company delivered impressive revenue growth in Q3FY26, with standalone revenue from operations reaching ₹1,613.84 million compared to ₹1,169.50 million in Q3FY25. This represents a substantial 38.00% year-on-year increase, reflecting the company's strengthened market position and operational efficiency.

The company achieved a remarkable turnaround in profitability, reporting net profit of ₹32.26 million in Q3FY26 against a loss of ₹57.20 million in the corresponding quarter of the previous year. This positive swing demonstrates the effectiveness of the company's strategic initiatives and operational improvements.

Nine-Month Performance Shows Sustained Growth

For the nine-month period ended December 31, 2025, Arisinfra Solutions maintained its growth trajectory with standalone revenue from operations of ₹4,484.38 million, up from ₹3,807.90 million in the corresponding period of FY25. The company reported net profit of ₹99.88 million for the nine-month period, a significant improvement from the loss of ₹120.45 million in the same period last year.

Consolidated Performance Reflects Group Strength

On a consolidated basis, the company reported even stronger performance with Q3FY26 revenue from operations of ₹2,708.35 million compared to ₹1,818.21 million in Q3FY25, representing a 48.97% increase. Consolidated net profit for Q3FY26 stood at ₹182.69 million against ₹20.46 million in the previous year.

For the nine-month consolidated period, revenue from operations reached ₹7,241.06 million compared to ₹5,465.23 million in the corresponding period, with net profit of ₹386.35 million versus ₹65.26 million in the previous year.

IPO Proceeds Utilization and Capital Structure

The company has effectively utilized its IPO proceeds raised during FY26. Out of gross IPO proceeds of ₹4,995.96 million, the company has utilized ₹4,884.62 million as of December 31, 2025, with ₹111.34 million remaining unutilized. The major utilizations include:

• Repayment of borrowings: ₹2,031.85 million
• Working capital funding: ₹1,769.71 million
• Subsidiary investment: ₹478.71 million
• General corporate purposes: ₹392.71 million

The company's paid-up equity share capital stands at ₹162.90 million with a face value of ₹2 per share, reflecting the successful completion of its public offering and listing on NSE and BSE on June 25, 2025.

Operational Efficiency and Cost Management

The company demonstrated improved operational efficiency with better cost management across various expense categories. Finance costs decreased significantly to ₹35.42 million in Q3FY26 from ₹84.13 million in Q3FY25, primarily due to debt reduction through IPO proceeds utilization. Employee benefits expense also showed improvement at ₹63.24 million compared to ₹86.79 million in the previous year quarter.

The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on January 30, 2026, with limited review conducted by statutory auditors Price Waterhouse Chartered Accountants LLP.