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Titan Intech Ltd submitted its Q4 FY2025-26 Monitoring Agency Report (by Acuité Ratings and Research Limited) for the INR 48.78 Cr rights issue completed in November 2025. Of the total raised, INR 25.01 Cr (51%) has been utilized as of March 31, 2026, leaving INR 23.77 Cr unutilized. The unutilized funds are deployed in fixed deposits across AU Small Finance Bank, HDFC Bank, and IDBI Bank, maturing between May–November 2026. The monitoring agency flagged delays against the offer document's March 31, 2026 deployment deadline for both Working Capital (only 36.41 Cr of 36.41 Cr allocated, with INR 23 Cr still unutilized) and General Corporate Purposes (93% utilized with INR 0.57 Cr remaining). The MA also noted it could not independently verify all GCP transactions as the issuer did not provide relevant documents within stipulated timelines.
The flagged delays and incomplete documentation raise minor concerns about the company's deployment discipline. However, funds remain safely parked in FDs and the company attributes the shortfall to timing issues rather than structural problems, which may ease investor concern.