B Mirror Report: JMI Hospital Requisite Manufacturing Limited, a listed company on the stock market, has published an audit report on the utilisation of its Initial Public Offering (IPO) funds. The report was prepared by audit firm Pinaki & Company Chartered Accountants, reviewing the use of IPO proceeds from January 1 to March 31, 2026.
According to the audit report, the company utilised the IPO funds in compliance with the regulations of the Bangladesh Securities and Exchange Commission (BSEC) and the conditions attached to the IPO approval.
The auditors stated that the statement of IPO fund utilisation was properly prepared and accurately reflected the company’s financial position.
The report noted that the company’s board of directors, at its 160th board meeting held on October 26, 2025, recommended reallocating a portion of unused IPO expenses. Under the decision, Tk 1.613 million in unutilised funds from the “Common Facilities (Utilities and Others)” segment was proposed for reallocation.
The proposal was later approved by shareholders during the company’s 17th Annual General Meeting (AGM) held on January 22, 2026. The matter was also disclosed as price-sensitive information (PSI) to the BSEC, Dhaka Stock Exchange (DSE), and Chittagong Stock Exchange (CSE).
The audit report further said that Tk 500,059 was spent under the “Common Facilities (Utilities and Others)” category during the first quarter of 2026. As a result, total expenditure in the segment reached Tk 55.47 million, representing 97.99 percent of the allocated amount.
In addition, the company spent Tk 90,000 under IPO-related expenses during the same period. This brought the total utilisation in that category to Tk 31.69 million, fully exhausting the allocated amount.
The auditors also confirmed that the company used the IPO proceeds for the purposes stated in its prospectus and complied with the conditions outlined in the BSEC consent letter. Necessary documents, vouchers, and bank statements were reviewed to verify the authenticity of the fund utilisation.
