Monitoring Agency Report: JK Tyre & Industries Ltd.

On October 29, 2025, JK Tyre & Industries Ltd. submitted its Monitoring Agency Report, as required under SEBI regulations, concerning the utilization of proceeds from its recent Qualified Institutions Placement (QIP). The report, issued by India Ratings & Research, covers the quarter ending September 30, 2025.

The Monitoring Agency confirms that there has been no deviation from the intended utilization of the QIP proceeds. The report, supported by a certificate from Lodha & Co LLP, Chartered Accountants, indicates that all funds were used in accordance with the disclosures made in the placement document. Notably, the total issue size was INR 500 crores, comprising 1,44,92,749 equity shares offered at INR 345 per share.

Key highlights from the report include: - All expenditures align with the objectives outlined in the Offer Document. - No material deviations have been identified in comparison to previous reports. - Management undertakings and statutory auditor certifications were utilized to verify the accuracy of the report.

Furthermore, the report emphasizes that all necessary government approvals and technical collaborations related to the project have been secured, ensuring the viability of the investment.

JK Tyre remains committed to transparency and compliance, reflecting its dedication to shareholder interests and regulatory standards. Investors can rest assured that the company's financial management continues to be in line with its strategic goals.

For more details, visit [JK Tyre's official website](http://www.jktyre.com).

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