Kaynes Technology India Limited — Others, 15-05-2025: Monitoring Agency Report

Kaynes Technology India Limited has announced a board meeting to review the financial results for the quarter and half-year. The company’s use of INR 625.7 Cr from its IPO and INR 1,374 Cr from QIP aligns with planned goals, with no significant deviations noted by ICRA. Capital spending focuses on expanding manufacturing at Mysuru and Manesar and investments in subsidiaries. Some capex is delayed due to cautious spending and machinery setup but is expected to complete shortly. Unused funds are mainly in fixed deposits earning 5.75-7.97%. Promoter shareholding complies with lock-in rules.