BSECompany Update17h ago · 4 Nov 2026, 01:42 pm
Announcement under Regulation 30 (LODR)- Monitoring Agency Report
Jtekt India Ltd · 520057
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Jtekt India Ltd has submitted a Monitoring Agency Report for the quarter ended September 30, 2026, as per SEBI regulations, detailing the utilization of funds raised through a Rights Issue of equity shares.
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Jtekt India Ltd - 520057 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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4th November, 2026
The BSE Limited Listing Compliance
Department of Corporate Services National Stock Exchange of India Ltd.
Mumbai 400 001. Mumbai 400 051.
Scrip Code - 520057 Symbol – JTEKTINDIA
Sub : Submission of Monitoring Agency Report for the quarter ended 30th September, 2026
Dear Sir/Madam,
Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 read with Regulation 82(4) of SEBI (Issue of Capital and Disclosure Requirements) Regulations,
2018, please find enclosed the Monitoring Agency Report for the quarter ended 30th September, 2026
issued by Brickwork Ratings India Private Limited in respect of utilisation of funds raised through Rights
Issue of equity shares made by the Company vide its Letter of Offer dated 21st July, 2025.
This information will also be available on the website of the Company at http://www.jtekt.co.in.
Thanking you,
Yours faithfully,
For JTEKT India Limited
Saurabh Agrawal
Company Secretary
Regd.Office : UGF-6, Indra Prakash, 21, Barakhamba Road, New Delhi – 110 001, India.
Tel : +91 11 23311924 / 2332 7205
CIN : L29113DL1984PLC018415, Website : www.jtekt.co.in
Email : investorgrievance@jtekt.co.in
Works : 38/6, Delhi-Jaipur Road, NH-48. Gurugram – 122 001, Haryana, India.
Tel : +91 124 468 5000
Monitoring Agency Report for
JTEKT India Limited
for the quarter ended
September 30,2026
No. BWR/2026-27/IPM/JIL/05
October 22, 2026
Mr. Vikas Goel
Chief Financial O(cid:431)icer
JTEKT India Limited
UGF-6, Indraprakash 21, Barakhamba Road
New Delhi – 110 001, Delhi, India
Dear Sir,
Fifth Monitoring Agency Report for the quarter ended September 30, 2026 - in relation to
the Rights Issue of Equity Shares Issue of JTEKT India Limited (“the Company”)
Pursuant to Regulation 82 of SEBI (Issue of Capital and Disclosure Requirements) Regulations,
2018 (“SEBI ICDR Regulations”) and Monitoring Agency Engagement Letter dated July 01, 2025,
Brickwork Ratings (BWR) has prepared the Fifth Monitoring Agency Report, as per Schedule XI of
the SEBI ICDR Regulations towards utilisation of proceeds of funds raised, for the quarter ended
September 30, 2026.
The funds raised by the Company were through Right issue of Equity Shares aggregating to
Rs 249.89 Crore of the Company.
In this connection, we are enclosing the Monitoring Agency Report for the quarter ended
September 30, 2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated
July 01, 2025.
Request you to kindly take the same on records.
Thanking you,
Yours Faithfully,
N IRAJ
Digitally signed by
NIRAJ KUMAR RATHI
KUMAR
Date: 2026.10.22
RA THI 16:44:56 +05'30'
Mr Niraj Kumar Rathi
Senior Director, Ratings - Brickwork Ratings
Report of the Monitoring Agency (MA)
Name of the issuer: JTEKT India Limited
For quarter ended: September 30, 2026
Name of the Monitoring Agency: Brickwork Ratings India Private Limited
(a) Deviation from the objects: No
(b) Range of Deviation: Not Applicable
Declaration:
We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we
further declare that this report provides a true and fair view of the utilization of the issue proceeds in relation
to the objects of the issue based on the information provided by the Issuer and information obtained from
sources believed by it to be accurate and reliable.
We declare that we do not have any direct/indirect interest in or relationship with the
issuer/promoters/directors/management and also confirm that we do not perceive any conflict of interest
in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the
issuer.
The MA does not perform an audit and undertakes no independent verification of any information/
certifications/ statements it receives. This Report is not intended to create any legally binding obligations
on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said
information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any
security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should
be construed as creating a fiduciary relationship between the MA and any issuer or between the agency
and any user of this report. The MA and its a(cid:431)iliates also do not act as an expert as defined under Section
2(38) of the Companies Act, 2013.
The MA or its a(cid:431)iliates may have a credit rating or other commercial transactions with the entity to which
the report pertains and may receive separate compensation for its ratings and certain credit related
analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and
reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other
commercial transactions with the entity.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments,
where applicable. There are certain sections of the report under the title “Comments of the Board of
Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors
subsequent to the MA submitting their report to the issuer and before dissemination of the report through
stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for
such comments of the issuer’s Management/Board.
N IRAJ KUMAR Digitally signed by NIRAJ
KUMAR RATHI
RATHI Date: 2026.10.22 16:45:33
+05'30'
Signature:
Name of the Authorized Signatory: Mr Niraj Kumar Rathi
Designation of Authorized Person/Signing Authority: Senior Director, Ratings, Brickwork
Ratings
1) Issuer Details:
Name of the issuer: JTEKT India Limited
Names of the promoter: Maruti Suzuki India Limited, JTEKT Corporation,
JTEKT Column Systems Corporation
Industry / sector to which it belongs: Automobiles
2) Issue Details:
Issue period: 4 August 2025 to 12 August 2025
Type of issue (public/ rights): Rights issue of equity shares
Type of specified securities: Equity Shares
IPO Grading, if any: Not Applicable
Issue size (in ₹ Crore): 249.89
Total Amount
Value as per Offer Document
Particulars Number of Price (₹) Received
(₹ Crore)
Securities (₹ Crore)
Equity Shares-Rights Issue 2,31,16,407 108.10 249.89 249.89
Total 2,31,16,407 249.89 249.89
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of
information /
Comments Comments
certifications
of of
Particulars Reply considered by
Monitoring Board of
Monitoring Agency
Agency Directors
for preparation of
report
Whether all utilization is as per Bank Statements,
the disclosures in the O(cid:431)er Yes Company’s letter, Nil Nil
Document? Invoice, CA Certificate
Whether shareholder approval
has been obtained in case of
material deviations# from Nil Nil Nil
Applicable
expenditures disclosed in the
O(cid:431)er Document?
Whether the means of finance for
the disclosed objects of the issue No Nil Nil Nil
has changed?
Is there any major deviation
observed over the earlier Nil Nil
Applicable Nil
monitoring agency reports?
Whether all
Government/statutory approvals
Yes Company’s Letter Nil Nil
related to the object(s) have been
obtained?
Whether all arrangements
pertaining to technical Not
Nil Nil Nil
assistance/collaboration are in Applicable
operation?
Are there any favorable events
improving the viability of these No Company’s letter Nil Nil
object(s)?
Are there any unfavorable events
a(cid:431)ecting the viability of the No Company’s letter Nil Nil
object(s)?
Is there any other relevant
information that may materially
No Not Applicable Nil Nil
a(cid:431)ect the decision making of the
investors?
Notes: CA Certificate from Manish Malhotra & Co. Chartered Accountants
#Where material deviation may be defined to mean:
(a) Deviation in the objects or purposes for which the funds have been raised
(b) Deviation in the amount of funds actually utilized by m
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