Tolins Tyres Limited — Others, 15-05-2025: Monitoring Agency Report

Tolins Tyres has announced a Monitoring Agency Report confirming full compliance in using its ₹200 Cr IPO proceeds, with ₹147.94 Cr still held in fixed deposits and bank accounts earning 4.75%–7.81% returns. The funds have been used for repaying company and subsidiary loans, boosting working capital, and investing in its wholly owned subsidiary. Its subsidiary, Tolin Rubbers, changed raw material sourcing by halting direct sales to Tolins Tyres and outsourcing processing to third parties, including an entity linked to an employee, resulting in better operational efficiency and profitability, enhancing shareholder value.