ArisInfra Solutions Limited has submitted its Monitoring Agency Report for the quarter ended March 31, 2026, to BSE Limited and the National Stock Exchange of India Ltd, in compliance with Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report was prepared by ICRA Limited, the appointed Monitoring Agency, and filed on May 08, 2026. The report confirms that the utilisation of issue proceeds is in line with the objects of the issue, with no material deviation observed.

Issue and Proceeds Overview

The company's Initial Public Offer had an opening date of June 18, 2025, and a closing date of June 20, 2025. ICRA monitored a total proceeds amount of INR 579.600 crore during Q4 FY2026, comprising Pre-IPO proceeds of INR 80.004 crore and IPO proceeds of INR 499.596 crore. The net proceeds as per the prospectus stood at INR 461.442 crore (excluding issue-related expenses), while the actual net proceeds were INR 476.115 crore. The revision in net proceeds is on account of actual offer-related expenditure being lower than estimated by INR 14.672 crore.

Utilisation of IPO Proceeds — Object-wise Progress

The following table details the object-wise utilisation of IPO proceeds as at the end of Q4 FY2026 (March 31, 2026):

The General Corporate Purpose (GCP) allocation was revised upward from INR 31.842 crore (as per the prospectus) to INR 46.514 crore, reflecting the reduction in offer-related expenses. ICRA noted that the revision of 46% in the GCP amount is on account of actual offer-related expenditure being lower than estimated by INR 14.672 crore, and the revised amount remains within the limit of 25% of Gross Proceeds.

Utilisation of Pre-IPO Proceeds

For the Pre-IPO placement of INR 80.004 crore, the entire amount was designated for general corporate purposes. As at the end of Q4 FY2026, INR 78.107 crore had been utilised cumulatively, with INR 15.685 crore deployed during the quarter, leaving an unutilised balance of INR 1.897 crore.

During Q4 FY2026, utilisation under Pre-IPO proceeds included management development deposits to Natureresidences Real Estate Development Private Limited of INR 3.00 crore and Natureresidences Realtors Private Limited of INR 10.00 crore, both refundable in nature, along with other general corporate purpose expenses of INR 2.685 crore.

Deployment of Unutilised Proceeds

Unutilised Pre-IPO proceeds were deployed primarily in term deposits with IDBI Bank, with a balance also maintained in the Pre-IPO account. The total amount invested stood at INR 1.908 crore, generating earnings of INR 0.004 crore, with a market value of INR 1.912 crore as at March 31, 2026.

Unutilised IPO proceeds were deployed in a term deposit with Axis Bank and balances maintained across the GCP account, monitoring account, and Axis sub-account. The total amount invested was INR 3.223 crore, generating earnings of INR 0.026 crore, with a market value of INR 3.249 crore as at March 31, 2026.

Implementation Schedule and Compliance

All objects under both Pre-IPO and IPO proceeds are reported as on schedule as of March 31, 2026, with no delays recorded. Key compliance observations from the monitoring report include:

• No material deviation from the objects of the issue was identified.
• All utilisation is confirmed to be as per the disclosures in the offer document.
• Shareholder approval for material deviations is not applicable, as no material deviation was observed.
• The means of finance for disclosed objects has not changed.
• No major deviation was observed over earlier monitoring agency reports.
• All government and statutory approvals related to the objects have been obtained.
• No favorable or unfavorable events materially affecting the viability of the objects were reported.

The report was signed by Parul Goyal Narang, Vice President & Head – Process Excellence at ICRA Limited, and submitted to the stock exchanges by Bhavik Jayesh Khara, Whole-time Director and CFO of ArisInfra Solutions Limited.

Arisinfra Solutions has announced a strategic partnership through its subsidiary, ArisUniterm RE Solutions Private Limited, with The Wadhwa Group. The agreement focuses on the Wadhwa Wise City township project in Panvel, Maharashtra, targeting a Gross Development Value (GDV) of approximately ₹650 crore. The disclosure was made on May 06, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Overview

The contract is structured as an eight-month engagement commencing May 1, 2026. The primary objective is to monetise existing inventory and support the acceleration of OC-ready or near-completion phases. The partnership aims to achieve an estimated realization of up to ₹400 crore from the GDV. Additionally, the project includes plans to release additional inventory worth ₹400–450 crore to further capitalise on the market demand.

Integrated Operating Platform

Arisinfra Solutions will act as an embedded operating partner, deploying its Developer-as-a-Service (DaaS) platform as a comprehensive execution layer. The scope encompasses site readiness, construction progress monitoring, sales velocity, CRM performance, channel partner management, and cashflow tracking. This integrated approach is designed to ensure tighter control and improved operational efficiency across the project lifecycle.

AI-Led Decision Making

Central to the engagement is Arisinfra Solutions' AI and machine learning engine, which analyzes real-time project data. The platform identifies early warning signals such as shifts in enquiry-to-visit conversions, inventory absorption trends, and buyer sentiment. This capability enables proactive interventions to mitigate risks before they materialize. The partnership follows an outcome-driven model, aligning incentives for both parties to ensure measurable impact.

Key Contract Details

The table below summarises the key parameters of the order:

Management's Comments

Srini Gopalan, CEO of Arisinfra Solutions Ltd., highlighted the potential of Wadhwa Wise City as the largest integrated township in Panvel, noting its "walk to everything" theme. Navin Makhija, Managing Director of The Wadhwa Group, emphasized that the integrated execution and outcome-driven model provided the confidence to proceed with the alliance. The disclosure was signed by Bhavik Jayesh Khara, Whole Time Director & CFO.