JK Tyre & Industries Limited — Others, 11-08-2025: Monitoring Agency Report

JK Tyre & Industries has released its Qualified Institutions Placement (QIP) monitoring report. The report confirms that the company's utilization of the INR 500 Cr QIP proceeds aligns perfectly with the stated objectives. As of June 30, the company utilized INR 92.92 Cr for capital expenditure and INR 8.40 Cr for issue expenses, including a reimbursement of INR 13.02 Cr for prior spending. The remaining INR 398.68 Cr from the QIP proceeds is securely invested in Fixed Deposits. All QIP funds remain on track for full deployment by March 2026, providing clear oversight on capital allocation.