Monitoring Agency Report for the quarter ended on March 31, 2026 with respect to deployment of funds raised through qualified institutions placement.
TINNARUBR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tinna Rubber and Infrastructure Limited has filed the final Monitoring Agency Report for Q4FY26 (quarter ended March 31, 2026) confirming full utilization of Rs. 78.70 crore raised through a Qualified Institutions Placement (QIP) conducted in June 2025. CARE Ratings Limited, the monitoring agency, verified that all proceeds were deployed as per the offer document objects. In Q4FY26, the remaining Rs. 0.431 crore was used for advance payment toward procurement and installation of machinery for a new Pyrolysis plant at the Varle facility. The company reallocated small unspent amounts (Rs. 0.002 crore from general corporate purposes and Rs. 0.005 crore from issue expenses) to capital expenditure with board approval dated November 14, 2025. There are no material deviations, no delays in implementation, and nil unutilized proceeds remaining.
Positive signal for shareholders - the QIP issue has been successfully completed with all funds deployed as promised, no deviations from stated objects, and the final monitoring report confirms proper utilization.