Transformers and Rectifiers Reports Q3FY26 QIP Fund Utilization with No Deviations
Transformers and Rectifiers (India) Limited has submitted its Q3FY26 monitoring agency report confirming no deviation from QIP objectives. The company has utilized ₹2,745.69 million out of ₹5,000 million raised, with remaining funds strategically invested across various instruments. The completion timeline has been revised to July 2026.
*this image is generated using AI for illustrative purposes only.
Transformers & Rectifiers (India) Limited has submitted its monitoring agency report for the quarter ended December 31, 2025, regarding funds raised through Qualified Institutional Placement (QIP). The report, issued by India Ratings and Research Private Limited, confirms no deviation from the stated objectives of the QIP, maintaining the company's commitment to regulatory compliance and transparency.
QIP Details and Fund Utilization Progress
The company successfully raised ₹5,000.00 million through a QIP of 75,18,796 equity shares at ₹665.00 per share during June 10-13, 2024. As of December 31, 2025, ₹2,745.69 million has been utilized across various objectives:
| Objective | Allocated Amount (₹ million) | Utilized Amount (₹ million) | Unutilized Amount (₹ million) |
|---|---|---|---|
| Capital Expenditure | 1,450.00 | 0.00 | 1,450.00 |
| Working Capital Requirements | 1,250.00 | 1,244.11 | 5.89 |
| Debt Repayment | 613.80 | 602.61 | 11.19 |
| General Corporate Purposes | 1,574.35 | 757.19 | 817.16 |
| Issue Related Expenses | 111.85 | 141.78 | (29.93) |
| Total | 5,000.00 | 2,745.69 | 2,254.31 |
Deployment of Unutilized Funds
The remaining ₹2,254.31 million of unutilized proceeds have been strategically deployed across various investment instruments totaling ₹2,387.43 million (including returns and contributions from other sources):
| Investment Type | Amount (₹ million) | Details |
|---|---|---|
| Fixed Deposits | 1,150.00 | Axis Bank and State Bank of India |
| Mutual Funds | 200.00 | HDFC Liquid Fund - Regular Plan Growth |
| Alternative Investment Funds | 562.50 | Neo AIF Special Credit and Secondaries Fund |
| Portfolio Management Services | 469.44 | Neo Yield Enhancer |
| Bank Balances | 5.49 | Current account balances |
Timeline Revision and Issue Expenses
The company has revised the completion timeline for all QIP objectives from Fiscal 2025 to July 2026. Issue-related expenses amounted to ₹141.78 million, exceeding the originally planned ₹111.85 million. This increase has been ratified and approved by the Board of Directors.
Regulatory Compliance and Monitoring
The monitoring agency report was prepared in accordance with Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 173A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report was duly reviewed by the company's Audit Committee and submitted by Company Secretary Rakesh Kiri.
Transformers and Rectifiers (India) Limited continues to demonstrate strong regulatory compliance by providing comprehensive updates on its QIP fund utilization, ensuring transparency for stakeholders and investors.
Historical Stock Returns for Transformers & Rectifiers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.69% | +5.00% | -8.23% | -47.91% | -44.96% | +3,074.43% |
17
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
