Tolins Tyres Limited — Others, 14-08-2025: Monitoring Agency Report

Tolins Tyres has submitted its Initial Public Offering (IPO) proceeds utilization report for the quarter ended June 30, 2025. The company's statutory auditors have certified that there is no deviation from the IPO's stated objectives. The company clarified that issues raised by the monitoring agency, including those about related party payments and subsidiary investments, have been addressed or were based on incorrect data. Out of the 200 Cr fresh issue IPO, approximately 29.11 Cr remains unutilized, primarily held in fixed deposits. Tolins Tyres expects these remaining funds to be fully deployed by September 2025, ensuring transparent use of capital for its stated business goals.