BSECompany Update4d ago · 6 Nov 2026, 10:04 pm
Please find the attached Monitoring Agency report for the quarter ended on September 30, 2026.
Kingfa Science & Technology (India) Ltd-$ · 524019
✦ AI SummaryResults
Kingfa Science & Technology (India) Ltd has submitted a Monitoring Agency report for the quarter ended September 30, 2026, as per SEBI Regulations and Monitoring Agency Agreement. The report confirms that the utilization of issue proceeds is in line with the objects of the issue.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Kingfa Science & Technology (India) Ltd-$ - 524019 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Attachments (1)
📄pdf
Download →
73aa3c1b-4fc0-4b66-8a16-e84da9efe720.pdf
View document text
KINGFA/SE/2026-27 Date: 06/11/2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot No. C/1, G- Block, Phiroze Jeejeebhoy Towers, Dalal Street,
Bandra –Kurla Complex, Bandra (East), Mumbai – 400001
Mumbai 400051
Symbol: KINGFA Scrip Code: 524019
Subject: Monitoring Agency Report for the quarter ended September 30, 2026.
Dear Sir/Madam,
Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 enclosed herewith the Monitoring Agency Report with respect to the
utilization of issue proceeds for the quarter ended September 30, 2026 issued by CARE Ratings Limited.
We request you to take the above information on record.
Thanking You,
Yours faithfully
For Kingfa Science & Technology (India) Limited
Deepak Vyas
Company Secretary & Compliance officer
Kingfa Science & Technology (India) Limited CIN: L25209TN1983PLC010438
Regd. Office: Dhun Building, III Floor,
827, Anna Salai, Chennai - 600002.
Tel: +44 – 28521736 Fax: +44 – 28520420
E-mail: cs@kingfaindia.com
Website: www.kingfaindia.com
No. CARE/ARO/GEN/2026-27/1222
The Board of Directors
Kingfa Science & Technology (India) Limited
Dhun Building,
3rd Floor, 827, Mount Road,
Madras, Tamilnadu,
India – 600002
November 06, 2026
Dear Sir,
Monitoring Agency Report for the quarter ended September 30, 2026 - in relation to the preferential issue of Kingfa
Science & Technology India Limited (“the Company”)
We write in our capacity of Monitoring Agency for the preferential issue for the amount aggregating to Rs.500 crore of
the Company and refer to our duties cast under Regulation 162A of the Securities & Exchange Board of India (Issue of
Capital & Disclosure Requirements) Regulations.
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 September 08, 2025.
Request you to kindly take the same on records.
Thanking you,
Yours faithfully,
Jignesh Trivedi
Associate Director
Jignesh.trivedi@careedge.in
Report of the Monitoring Agency
Name of the issuer: Kingfa Science & Technology (India) Limited
For quarter ended: September 30, 2026
Name of the Monitoring Agency: CARE Ratings Limited
(a) Deviation from the objects: Nil
(b) Range of Deviation: Not applicable
Declaration:
We declare that this report provides an objective 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. 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 affiliates also do not
act as an expert as defined under Section 2(38) of the Companies Act, 2013.
The MA or its affiliates may have 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.
Signature:
Name and designation of the Authorized Signatory: Jignesh Trivedi
Designation of Authorized person/Signing Authority: Associate Director
1) Issuer Details:
Name of the issuer : Kingfa Science & Technology (India) Limited
Name of the promoter : Kingfa Science & Technology Co. Ltd (KSTCL; Parent Company)
Industry/sector to which it belongs : Industrials – Capital Goods – Industrial Products – Plastic Products Industrial
2) Issue Details
Issue Period : Not applicable
Type of issue (public/rights) : Preferential Issue
Type of specified securities : Equity Shares
IPO Grading, if any : Not applicable
Issue size (in crore) : Rs.500 crore
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information / certifications Comments of the
Comments of the
Particulars Reply considered by Monitoring Agency for Board of
Monitoring Agency
preparation of report Directors
CA Certificate*
KSTIL utilized Rs.18.60 crore
Whether all utilization is as per the disclosures in the Management Certificate
Yes towards objects of the issue No comments
Offer Document? Bank Statement
during Q2FY27.
Sample Invoices
Whether shareholder approval has been obtained in CA Certificate*
case of material deviations# from expenditures Not applicable Management Certificate Not applicable No comments
disclosed in the Offer Document? Bank Statement
Whether the means of finance for the disclosed objects
No Management Certificate No No comments
of the issue have changed?
Management Certificate
Is there any major deviation observed over the earlier
No Monitoring Agency Report (dated No deviations observed No comments
monitoring agency reports?
August 14, 2026)
Government/statutory approvals
Government/statutory approvals (if
Whether all Government/statutory approvals related to (if required) related to any object
required) related to any object will Management Certificate No comments
the object(s) have been obtained? will be obtained as and when
be obtained as and when required
required
Whether all arrangements pertaining to technical
Not applicable Management Certificate Not applicable None
assistance/collaboration are in operation?
Are there any favorable/unfavorable events affecting
No Management Certificate Nil None
the viability of these object(s)?
Is there any other relevant information that may No Management Certificate Nil None
Source of information / certifications Comments of the
Comments of the
Particulars Reply considered by Monitoring Agency for Board of
Monitoring Agency
preparation of report Directors
materially affect the decision making of the investors?
* Chartered Accountant certificate from M/s. P G Bhagwat LLP dated October 15, 2026
#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 more than 10% of the amount projected in the offer documents.
4) Details of objects to be monitored:
(i) Cost of objects –
Original cost Comments of the Board of Directors
Source of information / Revised
(as per the Comments of Particulars of -
Sr. Item certifications considered Cost Proposed
Offer the Monitoring firm
No Head by Monitoring Agency for in Rs. Reason for cost revision financing
Document) in Agency arrangements
preparation of report Crore option
Rs. Crore made
Phase 2 Factory/Phase
No change in Cost. IOD approved, Tree
II Building EGM Notice, Management
1 187.00 NA survey and cutting permission NA NA
Construction-at certificate, CA Certificate*
receive
[Showing first 8,000 characters — download PDF for full document]