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Divgi TorqTransfer Systems has announced a monitoring report from ICRA confirming IPO funds are being used as planned, with no deviations. Capital expenditure on manufacturing equipment totals INR 45.5 Cr, while INR 105.2 Cr remains unspent due to supplier delays and complex machinery. Unutilized funds of INR 125 Cr are placed in fixed deposits earning 6.6%-7.75%. General corporate expenses of INR 18.834 Cr are mostly spent. Despite timing delays, fund utilization is progressing as expected, supporting the company’s operational growth plans.