TBO Tek Limited — Others, 04-08-2025: Monitoring Agency Report

TBO Tek Limited's Monitoring Agency Report confirms no deviation from its IPO objectives. Of the Rs. 400 crore raised, Rs. 145.57 crore has been utilized, with Rs. 254.43 crore remaining, primarily invested in fixed deposits. While some capital deployment for its subsidiary, Indian growth, and general corporate purposes saw procedural or strategic delays, these are progressing. A significant update involves an alleged Foreign Exchange Management Act violation totaling Rs. 71.23 crore. Following an initial denial from RBI for post-facto approval, the company has re-submitted its application. Shareholders should monitor this potential financial exposure.