Divgi Torqtransfer Systems Limited — Others, 07-08-2025: Monitoring Agency Report

Divgi TorqTransfer Systems' IPO proceeds utilization report for the quarter ended June 30, 2025, shows no deviation from its stated objectives, as confirmed by ICRA Limited. Out of net IPO proceeds of INR 169.662 Cr, the company has utilized INR 55.359 Cr for capital expenditure on manufacturing facilities and INR 18.834 Cr for General Corporate Purposes. The unutilized balance of INR 95.469 Cr is primarily invested in fixed deposits. While fund utilization is generally on track, some capital expenditure timelines are experiencing delays due to supplier lead times, with related spending now expected in FY26.