Tolins Tyres Limited Reports No Deviation in IPO Fund Utilization for Q3 FY26
Tolins Tyres Limited has confirmed no deviation in IPO fund utilization for Q3 FY26, having deployed ₹198.61 crores out of ₹200 crores raised in September 2024. The funds were allocated across loan repayment (₹72.44 crores), working capital (₹75.08 crores), subsidiary investment (₹23.15 crores), and corporate purposes (₹14.10 crores). The statement was approved by the Audit Committee on February 13, 2026, with Brickwork Ratings serving as monitoring agency.
*this image is generated using AI for illustrative purposes only.
Tolins Tyres Limited has submitted its quarterly compliance statement to stock exchanges, confirming no deviation in the utilization of funds raised through its Initial Public Offer (IPO) for the quarter ended December 31, 2025. The statement, filed pursuant to SEBI regulations, demonstrates the company's adherence to its original fund utilization plan outlined in the prospectus.
IPO Fund Raising Details
The company successfully raised funds through its IPO in September 2024, with the following financial structure:
| Parameter | Amount (₹ crores) |
|---|---|
| Total Issue Size | 200.00 |
| IPO-related Expenses | 16.20 |
| Net Proceeds Available | 183.80 |
| Total Funds Utilized | 198.61 |
Fund Utilization Breakdown
Tolins Tyres has allocated the IPO proceeds across multiple strategic objectives as originally planned. The detailed utilization shows effective deployment of capital across various business requirements:
| Object | Original Allocation (₹ crores) | Funds Utilized (₹ crores) |
|---|---|---|
| Loan Repayment/Prepayment | 69.97 | 72.44 |
| Working Capital Augmentation | 75.00 | 75.08 |
| Subsidiary Investment | 23.15 | 23.15 |
| General Corporate Purposes | 15.68 | 14.10 |
| Issue Expenses | 16.20 | 13.84 |
Regulatory Compliance and Oversight
The statement demonstrates the company's commitment to regulatory compliance under SEBI guidelines. Key compliance aspects include:
- Monitoring Agency: Brickwork Ratings India Private Limited oversees the fund utilization
- Audit Committee Review: Statement reviewed and approved on February 13, 2026
- Regulatory Framework: Filed under Regulation 32(1) of SEBI (LODR) Regulations 2015
- Quarterly Reporting: Covers the period ended December 31, 2025
Fund Deployment Analysis
The utilization pattern shows strategic allocation across core business areas. The loan repayment objective received ₹72.44 crores against the planned ₹69.97 crores, indicating complete fulfillment of debt obligations. Working capital augmentation consumed ₹75.08 crores, closely matching the allocated ₹75.00 crores, reflecting precise capital planning.
The subsidiary investment of ₹23.15 crores was utilized exactly as planned for Tolins Tyres Private Limited, supporting debt repayment and working capital requirements. General corporate purposes utilized ₹14.10 crores against the allocated ₹15.68 crores, while issue expenses were ₹13.84 crores compared to the budgeted ₹16.20 crores.
Corporate Governance
The statement was digitally signed by Umesh M, Company Secretary and Compliance Officer, ensuring proper authorization and documentation. The company maintains its registered office at Kalady, Kerala, and holds ISO 9001:2015 and IATF 16949:2016 certifications, reflecting its commitment to quality standards and operational excellence.
Historical Stock Returns for Tolins Tyres
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.11% | +2.19% | -0.38% | -16.76% | -8.92% | -46.19% |
18
