PTC Industries’ Monitoring Agency report for Q2 FY2026 indicates that the utilization of issuance proceeds aligns with the stated objectives. An amount of INR 3.9399 Crore was used for reimbursement of loan repayments. The report confirms adherence to SEBI regulations and notes no material deviations.
Q2 FY2026 Monitoring Report Overview
ICRA Limited, the monitoring agency for PTC Industries, has submitted its final report for the second quarter of fiscal year 2026. The report, dated November 13, 2025, confirms that the company’s use of funds is consistent with the objectives outlined in the QIP Issue. The report states that there are no material deviations to report.
Utilization of Funds
According to the report, PTC Industries utilized INR 3.9399 Crore from the issue proceeds to reimburse loan repayments. This reimbursement covers expenses initially funded through internal accruals in May 2024. All utilizations are in line with the disclosures made in the Placement Document.
Key Financial Data and Analysis
As of the end of Q2 FY2026, the total unutilized amount from the issue proceeds is INR 160.1271 Crore. The funds are deployed in fixed deposits with YES BANK, earning approximately 2.90 Crore. The market value of these deposits at the end of the quarter was INR 163.0271 Crore.
Progress on Objectives
The report provides a breakdown of the progress made on various objectives outlined in the Placement Document. As of the report date, INR 539.8728 Crore has been utilized, against a total issue size of INR 699.9999 Crore. A significant portion was allocated to funding capital expenditures and repaying borrowings. All projects are reported to be on or ahead of schedule.
Source: BSE