Pursuant to applicable provisions of SEBI (LODR) Regulations, 2015 and SEBI (ICDR) Regulations, 2018, as amended, Tinna Rubber And Infrastructure Limited submit the monitoring agency report dated August 08, 2025, issued by CARE Ratings Limited, in relation of utilisation of proceeds of qualified institutional placement for the quarter ended on June 30, 2025
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Tinna Rubber and Infrastructure Limited has submitted the quarterly monitoring agency report from CARE Ratings Limited for its Qualified Institutional Placement (QIP) of Rs. 78.70 crore, allotted on June 27, 2025. The QIP proceeds are earmarked for four purposes: Rs. 33.46 crore for capex at Varle and Gummidipoondi manufacturing facilities, Rs. 23.02 crore for repaying borrowings, Rs. 19.00 crore for general corporate purposes, and Rs. 3.22 crore for issue expenses. As of June 30, 2025 (end of Q1 FY26), the entire Rs. 78.70 crore remained unutilized and parked in an SBI escrow account. CARE confirmed no deviation from stated objects and noted this is the first such monitoring report since the QIP closed.
No immediate impact on shareholders — this is a routine regulatory compliance filing. Investors should watch for deployment updates in coming quarters; timely use of funds (especially the Rs. 33.46 crore capex and Rs. 23.02 crore debt repayment) will be key signals of the company's growth and deleveraging plans.