Kaynes Technology India Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, prepared by ICRA Limited, details the utilization of proceeds from its Qualified Institutional Placement (QIP). The company confirms that the utilization of funds aligns with the stated objects of the issue, with no material deviation observed.
Monitoring Agency Report Filed
Kaynes Technology India Limited has submitted its Monitoring Agency Report for the quarter that concluded on September 30, 2026. This report, compiled by ICRA Limited, provides an overview of how the proceeds from the company’s Qualified Institutional Placement (QIP) have been utilized.
Utilization of Funds
According to ICRA Limited, there has been no material deviation in the utilization of the issuance proceeds from the stated objects of the issue. The report confirms that the deployment of funds is in line with the company’s disclosures.
QIP Details
The QIP involved the issuance of equity shares. The report indicates the allocation and progress of these funds across various business objectives as detailed in the placement document. Specific details on the cost of objects and progress in their implementation are provided within the report.
Monitoring Agency’s Confirmation
The monitoring agency, ICRA Limited, has reviewed the utilization based on information provided by Kaynes Technology India Limited and has undertaken no independent verification beyond what is stated. The report confirms that all utilization is as per the disclosures in the Offer Document and that no major deviations have been observed.
Source: BSE
