Kaynes Technology India Limited — Others, 07-08-2025: Monitoring Agency Report

Kaynes Technology released monitoring reports for its IPO and two QIPs for the quarter ended June 30, 2025. IPO funds are now fully utilized, despite some initial project delays. For the December 2023 QIP, there's no material deviation, but about 636 Cr of the 1374 Cr raised remains unutilized in fixed deposits, and the PCB facility project is now expected to finish later, by Q4FY26. The recent June 2025 QIP, raising 1600 Cr, saw initial utilization of 120 Cr for debt, acquisitions, and advance tax, with the majority (1455 Cr) also deployed in fixed deposits.