Monitoring Agency Report for the quarter ended 31st March, 2026
JTEKTINDIA · price
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JTEKT India has submitted its third quarterly monitoring report for the Rs 249.89 crore Rights Issue completed in August 2025. The independent monitoring agency Brickwork Ratings has confirmed that all fund utilization is proceeding as per the disclosed objects with no deviations. Of the total proceeds, Rs 24 crore for debt repayment, Rs 53.89 crore for general corporate purposes, and Rs 3.08 crore for issue expenses have been fully utilized. Construction of the Gujarat production facility has utilized Rs 58.67 crore of the Rs 113.51 crore allocated, while Dharuhera equipment purchases have used Rs 46.80 crore of Rs 55.37 crore. The unutilized Rs 63.45 crore is parked in fixed deposits with Axis Bank earning 4.80-6.25% interest. No material deviations or unfavorable events affecting project viability were reported.
The filing shows smooth progress on capital deployment with no red flags. Shareholders can note that both major capital projects remain on track for completion within the stated timelines, and the company is earning returns on unutilized proceeds while awaiting deployment.