Monitoring Agency Report for the quarter ended 31st March 2026
JTEKTINDIA · price
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JTEKT India Limited has submitted its third Monitoring Agency Report for the quarter ended March 2026, covering the utilisation of Rs 249.89 crore raised through a Rights Issue of equity shares. The issue was open from August 4-12, 2025. Brickwork Ratings India Private Limited conducted the monitoring. Of the total proceeds, Rs 58.67 crore has been deployed for construction of the Gujarat production facility (out of Rs 113.51 crore allocated), Rs 46.80 crore for capital equipment at Dharuhera (out of Rs 55.37 crore), Rs 24 crore fully used for repayment of borrowings, Rs 53.89 crore fully used for general corporate purposes, and Rs 3.08 crore for issue expenses. The remaining unutilised funds of Rs 67.50 crore are deployed in fixed deposits with Axis Bank. No deviations from the stated objects or material deviations have been reported.
The filing indicates fund utilisation is progressing as planned with no deviations reported, which is a positive sign for shareholders. The Gujarat facility and Dharuhera equipment projects are ongoing as per schedule, while debt repayment and general corporate purposes have been completed.