Prodocs Solutions Limited has filed its Monitoring Agency Report for the quarter ended March 31, 2026, in compliance with Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, prepared by Infomerics Valuation and Rating Limited, provides a detailed account of the utilisation of proceeds raised through the company's public issue of equity shares. The company, engaged in providing Business Process Outsourcing services, is registered at Andheri East, Mumbai, with CIN: L72900MH2019PLC322408.

Issue Details and Proceeds Structure

The public issue, which opened from December 08, 2025, to December 10, 2025 (with the anchor offer opening and closing on December 05, 2025), comprised equity shares offered at Rs. 138.00 per share. The following table summarises the structure of the IPO proceeds:

*Issue related expenses as per prospectus. Of the total Rs. 2.71 crore earmarked for issue-related expenses, Rs. 2.17 crore is to be borne by the company and Rs. 0.54 crore by the selling shareholders. During Q4 FY2026, the company utilised Rs. 0.41 crore towards issue-related expenses.

Object-wise Utilisation of IPO Proceeds

The report details the progress of fund deployment across six identified objects of the issue. As of the end of Q4 FY2026, the company had cumulatively utilised Rs. 14.30 crore, with Rs. 7.78 crore remaining unutilised. The following table presents the object-wise utilisation:

Delays in Utilisation and Monitoring Agency's Observations

The Monitoring Agency has noted that, as per the prospectus, a minimum of Rs. 2.00 crore out of the total Rs. 4.43 crore earmarked for Object No. 1 (software development) and the entire Rs. 3.29 crore earmarked for General Corporate Purposes were to be utilised by the end of Q4 FY2026. However, the company is yet to utilise any amount towards Object No. 1, and Rs. 0.02 crore towards General Corporate Purposes also remains unutilised. As per the prospectus (page no. 96), to the extent the company is unable to utilise any portion of the net proceeds in accordance with the estimated schedule, it shall deploy the net proceeds in subsequent fiscal years. Accordingly, the delay in utilisation has not been reported as a deviation by the Monitoring Agency.

The delay in implementation details are as follows:

Deployment of Unutilised Proceeds

The unutilised IPO proceeds of Rs. 7.78 crore are currently deployed as follows:

*The company had made an advance payment of USD 24,900 towards Object No. 1; however, due to technical issues, the amount was refunded to the EEFC account. The balance reflects a USD amount of 24,900, which, at a closing rate of Rs. 93.48 per USD, amounts to Rs. 0.23 crore in INR terms.

General Corporate Purposes Utilisation

Of the Rs. 3.29 crore earmarked for General Corporate Purposes, Rs. 3.27 crore has been utilised as of the end of Q4 FY2026, with Rs. 0.02 crore remaining. The utilisation under this head is broken down as follows:

The above details have been verified by the statutory auditor, A. K. Kocchar & Associates, Chartered Accountants, vide CA certificate dated 07 May 2026. The Monitoring Agency has confirmed no material deviations from the objects of the issue, no change in the means of finance, and no unfavourable events affecting the viability of the stated objects. The report was submitted to BSE Limited on May 12, 2026, and signed by Meghha Trivedi, Company Secretary & Compliance Officer (FCS No: F11110).

Prodocs solutions Limited has fulfilled its quarterly regulatory obligations by submitting the mandatory compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The Mumbai-based company filed the certificate with BSE Limited on April 3, 2026, ensuring adherence to depositories and participants regulations.

Regulatory Compliance Details

The submission pertains to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This regulation mandates listed companies to provide quarterly confirmations regarding the proper handling of securities dematerialisation processes.

Certificate Confirmation Process

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, issued the confirmation certificate on April 1, 2026. As the company's registrar and share transfer agent, MUFG Intime confirmed that all securities received from depository participants for dematerialisation during Q4FY26 were properly processed.

The registrar's confirmation covers several critical aspects:

• Securities received for dematerialisation were confirmed (accepted/rejected) to depositories within prescribed timelines
• All security certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received were mutilated and cancelled after due verification by depository participants
• Names of depositories have been substituted in the register of members as registered owners

Corporate Governance Framework

The certificate submission was signed by Meghha Trivedi, Company Secretary and Compliance Officer (FCS No: F11110), demonstrating the company's commitment to maintaining proper corporate governance standards. The document was digitally signed on April 3, 2026, reflecting modern compliance practices.

Company Information

Prodocs Solutions Limited operates from its registered office at 6/19 1st Floor Transmission House, Compound No 82 MIDC, Near M V Road, Andheri East, Mumbai - 400059. The company maintains its corporate identity with CIN: L72900MH2019PLC322408 and can be reached at info@prodocssolution.com .

This quarterly compliance submission reinforces the company's adherence to SEBI regulations and maintains transparency in its securities handling processes through its appointed registrar and share transfer agent.