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.

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.

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.

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 that its Board of Directors will convene on January 29, 2026, to review the company's quarterly financial performance and consider dividend distribution to shareholders. The meeting notification was sent to both BSE and NSE on January 20, 2026, in compliance with regulatory requirements.

Board Meeting Agenda

The Board Meeting has been scheduled to address several key corporate matters as outlined in the official communication to stock exchanges.

Regulatory Compliance

The company has issued this intimation pursuant to Regulation 29(1)(a) and 29(1)(e) read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures transparency and keeps investors informed about significant corporate developments.

Trading Window Restrictions

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct, specific trading restrictions are currently in place:

• Trading window closed from January 01, 2026
• Restrictions apply to all designated persons and their immediate relatives
• Window will remain closed until 48 hours after financial results announcement
• Compliance with insider trading prevention measures

Stock Exchange Details

Flair Writing Industries Limited is listed on major Indian stock exchanges with the following identifiers:

The company maintains its registered office at Flair House, Plot No. A/64, Cross Road – A, Marol Industrial Area, MIDC, Andheri (East), Mumbai. As an ISO 9001:2015, ISO 14001:2015 & SA 8000:2014 certified company, Flair Writing Industries continues to maintain high standards in quality management, environmental management, and social accountability across its operations.