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 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.

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.

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.

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.

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.