Tinna Rubber and Infrastructure Limited has informed the exchange about Monitoring Agency Report for the fourth quarter ended on March 31, 2026 with respect to deployment of funds raised ....
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Tinna Rubber and Infrastructure Limited has filed the final Monitoring Agency Report for its Rs.78.70 crore Qualified Institutions Placement (QIP) conducted in June 2025. CARE Ratings Limited, the monitoring agency, confirms that all proceeds have been fully utilized as per the objects stated in the offer document. The funds were deployed across four areas: capital expenditure for manufacturing expansion at Varle and Gummidipoondi facilities (Rs.33.46 crore), repayment of existing borrowings (Rs.23.02 crore), general corporate purposes (Rs.19.00 crore), and issue expenses (Rs.3.22 crore). In Q4FY26, the remaining balance of Rs.0.43 crore was used for advance payment towards procurement and installation of machinery for a new Pyrolysis plant at the Varle facility. There are nil unutilized proceeds remaining, making this the final monitoring report for the QIP issue.
Positive signal for shareholders as the QIP funds have been deployed as promised with no deviations. The company has completed its expansion plans using the raised capital without delays, and this formally closes the QIP monitoring process.