Time Technoplast QIP Proceeds Monitoring Report Released

Time Technoplast Ltd has released its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from its Qualified Institutional Placement (QIP) of ₹800.00 crore. The report, issued by CARE Ratings Limited, indicates no material deviation from the objects stated in the offer document. A minor deviation of ₹1.74 crore was used for purposes other than initially disclosed, with details provided in section 4(ii) of the report. The report has been reviewed by the Audit Committee and noted by the Board of Directors. It confirms that utilization is generally in line with disclosures, and no major deviations were observed compared to previous reports. The company also confirmed that there has been no change in the means of finance for the disclosed objects.