JK Tyre & Industries Limited — Others, 08-11-2024: Monitoring Agency Report

JK Tyre & Industries Ltd. reported that there was no deviation in the utilization of proceeds from the Qualified Institutions Placement for the quarter ending September 30, 2024. The Monitoring Agency report by India Ratings confirms that all funds were utilized as disclosed and remains in line with the Offer Document. The total available funds for corporate purposes increased due to a surplus from lower issue expenses, now totaling ₹491.60 crores.