Transformers and Rectifiers (India) Ltd

Transformers and Rectifiers (India) Ltd QIP Funds Update 📊

• Total QIP issue size: ₹5,000 million raised through 7,518,796 equity shares at ₹665 per share in June 2024

• Issue expenses: ₹141.78 million (exceeded planned ₹111.85 million but Board approved)

• Funds allocation: ₹1,450 million for capital expenditure (fully unutilized), ₹1,250 million for working capital (₹5.89 million unutilized), ₹613.80 million for debt repayment (₹11.19 million unutilized), ₹1,574.35 million for inorganic growth (₹617.16 million unutilized)

• Total unutilized funds: ₹2,054.31 million temporarily invested in fixed deposits with Axis Bank, State Bank of India, and Neo Asset Management

• Revised completion date for all fund utilization objects: July 2026

• No major deviations or adverse events reported; all utilizations align with offer document