PTC Industries has filed its quarterly Monitoring Agency Report for the quarter ended June 30, 2026. The report, prepared by ICRA Limited, details the utilization of proceeds from its Qualified Institutional Placement (QIP) issue. Key findings indicate that the utilization of funds is in line with the objects of the issue, with no major deviations observed.
Monitoring Agency Report Submission
PTC Industries Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. This report is a regulatory requirement under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, concerning the monitoring of issue proceeds. The report was prepared by ICRA Limited, acting as the Monitoring Agency (MA) for PTC Industries Limited’s Qualified Institutional Placement (QIP) issue.
Key Findings from the Report
The report confirms that the utilization of the issuance proceeds is in line with the objects of the issue. Specifically, there has been no deviation observed from the disclosed objectives. The report also states that the Monitoring Agency did not identify any major deviations over earlier monitoring agency reports, nor did it note any changes in the means of finance for the disclosed objects of the issue. All required government and statutory approvals related to the objects have been obtained.
Utilization of Proceeds
The report details the progress in the utilization of net proceeds. A significant portion of the funds has been allocated towards:
- Repayment/pre-payment of outstanding borrowings.
- Funding capital expenditure for expansion and development of manufacturing facilities, including its subsidiary, Aerolloy Technologies Limited.
- Funding working capital requirements.
- Funding inorganic growth initiatives.
- General corporate purposes.
As of June 30, 2026, the total unutilized amount stands at INR 50.0471 Crore, with the majority of the utilized funds reported against capital expenditure and general corporate purposes. The report indicates that the implementation of objects, including capital expenditure and general corporate purposes, is either completed or on schedule as per the Placement Document.
Source: BSE
