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

JK Tyre & Industries Ltd. disclosed that its Monitoring Agency Report for the quarter ended September 30, 2024, confirms no deviations in the utilization of proceeds from the Rs. 240 crore preferential issue of Compulsorily Convertible Debentures. Rs. 26.56 crore was allocated towards capital expenditure, while previously raised funds for General Corporate Purposes were fully utilized. Unutilized funds remaining as of the reporting date amount to Rs. 57.39 crore, with funds expected to be fully utilized by March 2025.