Techno Electric & Engineering Company Limited — Others, 14-08-2025: Monitoring Agency Report

Techno Electric & Engineering Company's monitoring agency, CARE Ratings, has reported no deviation in the utilization of its Qualified Institutional Placement (QIP) funds aggregating Rs. 1250 Cr for the latest quarter. The company has utilized Rs. 831.89 Cr to date. Investments in Techno AMI Solutions (Rs. 200 Cr) and Techno Infra Developers for the Chennai data center (Rs. 350 Cr) are fully utilized. For NERES XVI and NERGS-I TBCB projects, Rs. 6.96 Cr has been used, with Rs. 393.04 Cr unutilized due to pending licenses and land acquisition. The unutilized funds are invested in ultra-short-term mutual funds. This update assures investors funds are deployed as planned.