Monitoring Agency Report for the quarter ended December 31, 2026 issued by Brickworks Ratings India Private Limited
TOLINS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Brickwork Ratings has submitted its third monitoring agency report for Tolins Tyres Limited covering Q4 FY2026 (January-March 2026). The company raised Rs. 230 crore through an IPO in September 2024, comprising a fresh issue of Rs. 200 crore and offer for sale of Rs. 30 crore at Rs. 226 per share. The monitoring agency confirms no deviations from the stated objects of the issue, and funds have been substantially deployed toward loan repayment (Rs. 72.44 crore of Rs. 69.97 crore planned), working capital (Rs. 75.08 crore of Rs. 75 crore planned), subsidiary loan repayment (Rs. 11.06 crore of Rs. 15.15 crore planned), subsidiary working capital (Rs. 12.09 crore of Rs. 8 crore planned), general corporate purposes (Rs. 15.68 crore fully utilized), and issue expenses (Rs. 14.08 crore of Rs. 16.20 crore planned). Only Rs. 2.12 crore of issue expenses remains unutilized. The report is verified by chartered accountants P.T. Joseph & Co.
This is a routine post-IPO compliance filing with no red flags. The monitoring agency has confirmed that IPO proceeds are being utilized as disclosed in the offer document with no material deviations. Shareholders can view this as a positive indicator that the company is deploying funds as promised.