Business Update14 May 2026, 10:55 am
Tinna Rubber: QIP Funds Fully Utilized as of March 31, 2026
AI Summary
Tinna Rubber and Infrastructure Limited announced the complete utilization of funds raised through its Qualified Institutions Placement (QIP) as of March 31, 2026. According to a Monitoring Agency Report from CARE Ratings Limited dated May 13, 2026, all proceeds from the QIP issue have been utilized as per the objects mentioned in the offer document. Consequently, there are no unutilized proceeds, and the current monitoring agency report represents the final report of the issue. The QIP raised ₹78.70 crore.
Key Highlights
- Tinna Rubber confirms full utilization of QIP funds as of March 31, 2026.
- CARE Ratings Limited issued a final Monitoring Agency Report on May 13, 2026.
- The QIP raised ₹78.70 crore, which has been fully utilized.
- No deviations from the stated objectives of the QIP were reported.
- The monitoring report is available on the company's website.
Price Impact
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