Pursuant to regulation 32(6) of the SEBI (LODR) Regulations, 2015 and regulation 41 of SEBI (ICDR) Regulations, 2018 enclosing herewith monitoring agency report dated February 13, 2026 issued by CRISIL Ratings Limited for the qaurter ended December 31, 2025 in respect of utilization of proceeds of the IPO of the Company.
JNKINDIA · price
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Awaiting price reaction for this filing.
JNK India has submitted the CRISIL Ratings Limited Monitoring Agency Report on how it has used the money raised from its April 2024 IPO. The IPO had net proceeds of Rs 2,821.84 million (slightly higher than the original Rs 2,797.39 million because actual issue expenses were about Rs 24.45 million lower than estimated). Of this, Rs 2,651.35 million was earmarked for working capital needs and Rs 170.49 million for general corporate purposes. As of December 31, 2025, the company had utilized Rs 2,626.64 million for working capital and Rs 170 million for general corporate purposes, leaving only Rs 25.20 million unutilized. The leftover amount is parked in fixed deposits with SBI, HDFC Bank and ICICI Bank earning 4.25%–6.95% interest. CRISIL confirmed there are no deviations from the stated objects, no delays in implementation, and no unfavorable events affecting the objects.
This is a routine compliance filing showing that JNK India has deployed nearly all of its IPO funds as promised with no misuse or delays, which is mildly positive for shareholder confidence. With only Rs 25.20 million left unutilized, the IPO proceeds story is almost fully wrapped up and there is no meaningful overhang or red flag from this report.