Tega Industries Limited submitted its Monitoring Agency Report for the quarter ended December 31, 2025, concerning the utilization of proceeds from a recent preferential issue of equity shares. The report, issued by Crisil Ratings Limited, confirms that no utilization of the raised funds was reported during this specific quarter. Consequently, the entire issue proceeds of ₹17,13,28,58,764 remain unutilized and are currently deployed in debt mutual funds as per the approved arrangement.
Regulatory Filing for Preferential Issue Proceeds
Tega Industries Limited has disclosed its compliance with regulatory requirements by submitting the Monitoring Agency Report for the quarter concluding on December 31, 2025. This report specifically addresses the utilization of funds raised via a preferential issue of fully paid equity shares.
Monitoring Agency Findings
The analysis was conducted by Crisil Ratings Limited. Key findings for the quarter ending December 31, 2025, are as follows:
- Utilization Status: The agency reported that No utilisation has been reported during the quarter.
- Total Unutilized Amount: The entirety of the issue proceeds, totaling ₹17,13,28,58,764, remains unutilized as of the quarter end.
- Deviation: There were no material deviations noted from the originally disclosed objects or expenditures.
Details of Issue Proceeds and Deployment
The initial plan involved raising funds up to ₹20,00,59,81,460 for ‘Acquisitions and Inorganic growth opportunities’. However, the final allotment resulted in proceeds aggregating to ₹17,13,28,58,764. This actual amount is the basis for monitoring.
Deployment of Unutilized Funds
As of the reporting date, the unutilized proceeds have been deployed temporarily in short-term instruments. The total deployed amount as at the end of the quarter was ₹17,20,50,13,358, which generated ₹7,21,54,592 in earnings during the reporting period (including a carry-over from previous deployment).
Specific deployment details show investments primarily in debt mutual funds:
- An amount of ₹2,00,00,00,000 was invested in Axis Money Market Fund–Direct Plan–Growth Option, yielding earnings of ₹90,22,962, with a market value of ₹2,00,90,22,962 at quarter end.
- Other significant investments included deployment into various short-term and ultra-short-term funds from ICICI Prudential and Kotak Mutual Funds.
The Monitoring Agency noted that the entire proceeds are currently deployed in debt mutual funds, as confirmed by the Independent Chartered Accountant’s Certificate dated January 27, 2025.
Source: BSE
