PTC Industries: Q1 FY27 Monitoring Agency Report Confirms No Deviation in Fund Use

PTC Industries Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by ICRA Limited. The report confirms that the utilization of proceeds from the Qualified Institutional Placement (QIP) issue is in line with the objects disclosed in the placement document. There has been no deviation observed in the use of funds. The QIP issue, which opened on August 28, 2024, and closed on September 02, 2024, raised INR 699.9999 crores. The net proceeds amounted to INR 673.2558 Crore. The report also clarifies that the Monitoring Agency does not perform an audit and undertakes no independent verification beyond information provided by the issuer and believed to be accurate.