News Stocks Kingfa Science & Technology Files Q3FY26 Monitoring Agency Report for Rs.500 Crore Preferential IssueKingfa Science & Technology Files Q3FY26 Monitoring Agency Report for Rs.500 Crore Preferential Issue
Kingfa Science & Technology (India) Limited filed its Q3FY26 monitoring agency report showing Rs.115.15 crore utilization from Rs.500 crore preferential issue proceeds. The company allocated Rs.60.29 crore towards plant and machinery procurement and Rs.54.86 crore for general corporate purposes. Remaining Rs.384.85 crore is deployed in fixed deposits earning 5.65% to 6.05% returns, with CARE Ratings confirming no deviations from offer document disclosures.
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Kingfa Science & Technology (India) Limited has filed its monitoring agency report for the quarter ended December 31, 2025, detailing the utilization of proceeds from its Rs.500 crore preferential issue. The report, prepared by CARE Ratings Limited as the monitoring agency, was submitted to both NSE and BSE on February 09, 2026.
Issue Proceeds Utilization Overview
During Q3FY26, the company utilized Rs.115.15 crore from the total preferential issue proceeds of Rs.500 crore. The monitoring agency confirmed that all utilization aligned with the disclosures in the offer document, with no deviations reported.
| Utilization Category | Amount (Rs. Crore) | Details |
|---|---|---|
| Plant and Machinery | 60.29 | Procurement from China-based parent company KSTCL |
| General Corporate Purpose | 54.86 | Vendor payments, consulting fees, and bank charges |
| Total Utilized | 115.15 | Q3FY26 utilization |
Object-wise Progress Status
The preferential issue proceeds were allocated across five specific objects, with completion targeted by June 2027. The current utilization status shows progress in two key areas:
| Object | Allocated Amount (Rs. Crore) | Utilized (Rs. Crore) | Unutilized (Rs. Crore) |
|---|---|---|---|
| Phase 2 Factory Construction - Chakan, Pune | 187.00 | 0.00 | 187.00 |
| Office Administration & R&D Building - Chakan | 44.00 | 0.00 | 44.00 |
| Plant and Machinery | 102.00 | 60.29 | 41.71 |
| Land Acquisition - South India | 42.00 | 0.00 | 42.00 |
| General Corporate Purpose | 125.00 | 54.86 | 70.14 |
Deployment of Unutilized Funds
The company has deployed the remaining Rs.384.85 crore in fixed deposits with Industrial and Commercial Bank of China Limited, generating attractive returns. The deployment strategy ensures capital preservation while earning steady income:
| Investment Type | Amount (Rs. Crore) | Maturity Date | Return Rate | Market Value |
|---|---|---|---|---|
| Fixed Deposit | 70.00 | February 16, 2026 | 5.65% | 71.01 |
| Fixed Deposit | 40.00 | April 20, 2026 | 5.85% | 40.60 |
| Fixed Deposit | 110.00 | July 06, 2026 | 6.00% | 111.68 |
| Fixed Deposit | 135.00 | October 06, 2026 | 6.05% | 137.06 |
| Savings & Current Account | 31.11 | - | - | 31.11 |
General Corporate Purpose Breakdown
The Rs.54.86 crore utilized for general corporate purposes was distributed across operational requirements:
- Vendor Payments: Rs.39.19 crore for operational expenses
- Consulting Fees: Rs.15.66 crore for securities allotment services
- Bank Charges: Rs.0.01 crore for banking services
Regulatory Compliance and Monitoring
CARE Ratings Limited, serving as the monitoring agency under Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirmed no material deviations from the offer document. The report was reviewed by the company's Audit Committee and Board of Directors before submission to stock exchanges. All government and statutory approvals related to the objects will be obtained as and when required, with no unfavorable events affecting the viability of the stated objects reported during the quarter.
Historical Stock Returns for Kingfa Science & Technology
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.42% | +1.98% | +1.55% | +34.52% | +40.53% | +567.27% |
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