Monitoring Agency Report for the quarter ended December 31, 2025
JAYKAY · price
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Jaykay Enterprises filed its quarterly Monitoring Agency Report from Acuité Ratings & Research for the August 2024 Rights Issue of INR 146.14 Crore. No deviation from stated objects was observed, and revised cost structures were approved by shareholders at the AGM on September 30, 2025. As of December 31, 2025, INR 131.27 Crore (about 90%) of the issue proceeds have been utilised, leaving INR 14.87 Crore unutilised — of which INR 7.82 Crore is parked in SBI Fixed Deposits earning 4.9–6.25% returns, with the rest in escrow and current accounts. During Q3 alone, INR 41.36 Crore was deployed, including INR 35.67 Crore toward JK Defence loan repayment and INR 2.27 Crore toward regulatory/staffing costs. Notably, JK Digital's 3D Machines and Quality Labs project has used only INR 1.46 Crore of the INR 10 Crore allocated, and JK Defence's revised Plant & Machinery budget of INR 1 Crore remains entirely untouched.
Steady, compliant deployment of Rights Issue proceeds with idle funds earning healthy returns is reassuring for shareholders, though the near-zero utilisation in JK Defence Plant & Machinery and JK Digital's 3D Machines (only ~15% used) may raise concerns about execution pace and the company's growth roadmap in Aerospace & Defense.