Please see attached the monitoring agency report.
TBOTEK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
TBO Tek Limited has submitted the Monitoring Agency Report from CARE Ratings for Q2 FY26 covering utilization of its Rs. 400 crore IPO proceeds (raised in May 2024). Of the total, Rs. 214.79 crore has been utilized so far with Rs. 185.22 crore still unutilized. During Q2FY26 alone, Rs. 69.22 crore was deployed, mainly into technology and data solutions (Rs. 27.82 crore), subsidiary Tek Travels DMCC (Rs. 30.45 crore), and sales/marketing (Rs. 4.97 crore). No deviation from stated objects was reported, though there are delays in transferring funds to the Dubai-based subsidiary and in utilizing the Rs. 40 crore earmarked for inorganic acquisitions (nil used so far). Unutilized funds are parked in fixed deposits across HDFC Bank, Yes Bank, and Standard Chartered Bank earning 3.75%-6.80% interest.
Mostly neutral for shareholders — proceeds are being used as per the IPO plan with no major deviations, but the slow pace of inorganic acquisitions and the ongoing FEMA/ED adjudication matter (Rs. 71.23 crore in alleged contravention) remain watchpoints that could weigh on sentiment if penalties materialize.