Brandman Retail Limited filed its quarterly monitoring report for ₹86.09 Crore IPO proceeds. The agency noted deviations including unapproved reallocations to general corporate purposes.
Brandman Retail Limited is seeking shareholder approval to reallocate ₹15.00 Crore of IPO proceeds. The funds, originally for retail network expansion, will now support a strategic e-commerce partnership with SKECHERS. The project aims to launch by June 2026, targeting ₹50 crore in projected turnover for FY2026-27.
