Monitoring agency reporting requirement mandates disclosure of deviations, independence declaration, and object-wise utilisation tracking of issue proceeds. The schedule prescribes a quarterly monitoring agency report requiring identification of any deviation from offer document objects with classification by range, shareholder approval status for material deviations, and a signed independence declaration. It requires issuer and issue particulars, itemised object-wise cost and progress data (original/revised costs, amounts proposed/used, unutilised balances), explanations for idle funds, deployment details for unutilised proceeds with valuation, and reporting of delays with reasons and remedial actions, together with monitoring agency and board comments.
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Monitoring agency reporting requirement mandates disclosure of deviations, independence declaration, and object-wise utilisation tracking of issue proceeds.
The schedule prescribes a quarterly monitoring agency report requiring identification of any deviation from offer document objects with classification by range, shareholder approval status for material deviations, and a signed independence declaration. It requires issuer and issue particulars, itemised object-wise cost and progress data (original/revised costs, amounts proposed/used, unutilised balances), explanations for idle funds, deployment details for unutilised proceeds with valuation, and reporting of delays with reasons and remedial actions, together with monitoring agency and board comments.
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