BSECompany Update3d ago · 11 Aug 2026, 06:18 pm

Attached herewith is the Monitoring Agency Report for quarter ended June 30, 2026

DIVGI TORQTRANSFER SYSTEMS Ltd · 543812

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Divgi TorqTransfer Systems Limited has submitted a Monitoring Agency Report for the quarter ended June 30, 2026, as per SEBI regulations. The report indicates that there are no material deviations from the objects of the initial public offer. The net proceeds from the issue stood at INR 169.662 Crore as on June 30, 2026.

Analysis Scores

Earnings Impact5/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10

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DIVGI TORQTRANSFER SYSTEMS Ltd - 543812 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report

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Divgi TorqTransfer Systems Limited Divgi TorqTransfer Systems CIN: L32201MH1964PLC013085 75, General Block, MIDC, Bhosari, Pune 411 026, India Tel: (+91-20) 63110110 Web: www.divgi-tts.com Ref.: DTTS/Sec/26-27/30 August 11, 2026 To, To, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, "Exchange Plaza" 5th Floor, Dalal Street, Mumb ai - 400001 Plot No. C-1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 BSE Scrip Code – 543812 NSE Scrip Code - DIVGIITTS Sub: Submission of Report of Monitoring Agency for the Initial Public Offer. Dear Sir / Madam, Pursuant to Regulation 41(4) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we have attached herewith a Report of the Monitoring Agency i.e. ICRA Limited for the quarter ended June 30, 2026. You are requested to take the same on your record. Thanking you, For Divgi TorqTransfer Systems Limited Aniket Kokane Company Secretary and Compliance Officer A51571 Enclosure: As above June 2026 MONITORING AGENCY REPORT Name of the Issuer: Divgi Torqtransfer Systems Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency (MA): ICRA Limited (a) Deviation from the objects of the issue: No material deviation - the utilization of the issuance proceeds is in line with the objects of the issue. (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 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. 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: Parul Goyal Narang Vice President & Head- Process Excellence Analyst: Adrita Sadhukhan Qulaity Analyst: Parul Narang Sensitivity Label : Public June 2026 1. Issuer Details Name of the Issuer: Divgi Torqtransfer System Limited Name(s) of the promoters: Promoters Hirendra Bhaskar Divgi Jitendra Bhaskar Divgi Divgi Holding Pvt Ltd Source: Prospectus Industry/ sector to which it belongs: - Auto Components & Equipments 2. Issue Details Issue Period: Opening date- March 01, 2023 Closing date- March 03, 2023 Type of Issue: Initial Public Offer Type of specified securities: Equity shares IPO Grading, if any: No credit rating agency registered with SEBI has been appointed in respect of obtaining grading for the offer. Issue Size (Rs. Crore): 412.120 With OFS portion: INR 412.120 Crore Excluding OFS portion: INR 180.000 Crore. Net proceeds as per prospectus: INR 168.434 Crore (Excluding Issue Related Expenses) * *The revised net proceeds stood at INR 169.662 Crore as on 30th June 2026 on account of lower issue-related expenses. Sensitivity Label : Public June 2026 3. Details of the arrangement made to ensure the monitoring of issue proceeds. Source of information, Comments of certifications considered Comments of the Monitoring the Issuer’s Particulars Reply by the Monitoring Agency Board of Agency for the Directors preparation of report -Peer Reviewed CA- Revision in General Corporate Certificate Purpose is on account of the Whether all utilization is as per -Confirmation from actual offer-related expenditure the disclosures in the Offer Yes management being lower than estimated by Document? -Bank statement of the INR 1.228 Crore. proceeds account Whether shareholder approval has been obtained in case of Not As confirmed by the material deviations# from No comments Applicable Issuer’s management expenditures disclosed in the Offer Document? Whether the means of finance As confirmed by the for the disclosed objects of the No No comments Issuer’s management issue has changed? Is there any major deviation observed over the earlier No No deviation observed. No comments monitoring agency reports? Whether all Government/ statutory approvals related to Not As confirmed by the No comments the object(s) have been Applicable Issuer’s management obtained? Whether all arrangements pertaining to technical Not As confirmed by the No comments assistance/ collaboration are in Applicable Issuer’s management operation? Are there any favorable events As confirmed by the As understood from the Issuer’s improving the viability of these No Issuer’s management management object(s)? Are there any unfavorable As confirmed by the As understood from the Issuer’s events affecting the viability of No Issuer’s management management the object(s)? Is there any other relevant information that may materially As confirmed by the As understood from the Issuer’s affect the decision making of the Issuer’s management management investors? Sensitivity Label : Public June 2026 # Where material deviation is defined to mean: (a) Deviation in the objects or purposes for which the funds had been raised. (b) Deviation in the amount of funds utilized by more than 10% of the amount specified in the offer document. 4. Details of the object(s) to be monitored. (i) Cost of object(s) Source of Comments of the Issuer’s Board of information, Directors Original certifications Revised cost (as per Propos considered by cost Comments of the Particulars of S.N. Item Head the offer Reason ed the Monitoring [Rs. Monitoring Agency firm document) for cost financi Agency for the Crore] arrangements [Rs. Crore] revision ng preparation of made option report Funding capital expenditure requirements for the 1 purchase of Prospectus 150.707 - No comments - - - equipments/ machineries of manufacturing facilities Revision in General Corporate Purpose is on account of the General Corporate Prospectus actual offer-related 2 17.727 18.955 - - - Purpose expenditure being lower than estimated by INR 1.228 Crore Total 168.434 169.662 Sensitivity Label : Public June 2026 (ii) Progress in the object(s) Source of Comments of the Amount utilized information, Amount as Issuer’s Board of [Rs. Crore] Total certifications proposed Directors unutilized Comments of the S.N. Item Head considered by the in the offer As at the At the amount Monitoring Agency Reasons Proposed Monitoring Agency document beginning During the end of [Rs. Crore] for idle course of for the preparation [Rs. Crore] of the quarter the funds action of [Showing first 8,000 characters — download PDF for full document]