Transformers And Rectifiers (India) Limited — Others, 06-08-2025: Monitoring Agency Report

Transformers and Rectifiers (India) Ltd. has received its Monitoring Agency Report for the quarter ended June 2025 concerning funds raised through the Qualified Institutional Placement (QIP). The report confirms that the QIP proceeds are being utilized as per the stated objectives, with no deviation observed in the use of funds. Of the INR 500 Cr raised, INR 193.99 Cr has been utilized for various purposes, including working capital and debt repayment. The unutilized amount of INR 306.01 Cr is temporarily invested in fixed deposits and mutual funds. While fund utilization aligns with objectives, the revised completion estimate for all QIP-funded projects is July 2026, indicating an ongoing delay.