PTC Industries Limited — Others, 08-08-2025: Monitoring Agency Report
08-08-2025 | 05:39 pm
08-08-2025 | 05:39 pm
PTC Industries has received its Q1 FY2026 Monitoring Agency Report, confirming that the utilization of its Qualified Institutional Placement (QIP) proceeds is fully in line with the stated objectives. The company raised approximately 700 Cr through the QIP. As of June 30, 2025, around 499.7 Cr has been deployed, with funds used for debt repayment, capital expenditure, working capital, and inorganic growth initiatives. The remaining unutilized funds, totaling about 200.3 Cr, are currently held in fixed deposits. This update assures shareholders that QIP funds are being efficiently allocated towards announced business goals.
No comments yet. Be the first to comment!
