NSEMonitoring Agency Report13 Aug 2026 · 13 Aug 2026, 02:27 pm
Monitoring Agency Report
Jtekt India Limited · JTEKTINDIA
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Jtekt India Limited submitted a Monitoring Agency Report for the quarter ended June 30, 2026, as per SEBI regulations, detailing the utilization of funds raised through a Rights Issue of equity shares.
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Earnings Impact5/10
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Governance Concern1/10
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Market Sentiment5/10
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Monitoring Agency Report for the quarter ended 30th June, 2026
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JTEKTINDIA_13082026142526_Monitoring_Agency_Report.pdf
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13th August, 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 June, 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 June,
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
Annexure - 'C'
Monitoring Agency Report for
JTEKT India Limited
for the quarter ended
June 30,2026
No. BWR/2026-27/IPM/JIL/04
July 30, 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,
Fourth Monitoring Agency Report for the quarter ended June 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 Fourth Monitoring Agency Report, as per Schedule XI
of the SEBI ICDR Regulations towards utilisation of proceeds of funds raised, for the quarter
ended June 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 June 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,
Digitally signed by NIRAJ KUMAR RATHI
NIR AJ KUMAR
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A ND 322
PARK,KALENA AGRAHARA, BANNERGHATTA ROAD KARNATAKA,
l=BENGALURU URBAN, o=BRICKWORK RATINGS INDIA PRIVATE
LIMITED, ou=COMPANY,
serialNumber=3a14b9a64ba1027f9471ea7be2c4b4c46c2116fb54c5
RAT HI aa33aa4c4d7490c50cec,
pseudonym=71e2d68268f4684aee77adbee1612657,
2.5.4.20=2ab3c4f779008c5cf0d6f10a644a5b66f2fffe98879fceb8ac14
a1458144e1bd, email=NIRAJ.R@BRICKWORKRATINGS.COM,
cn=NIRAJ KUMAR RATHI
Date: 2026.07.30 17:40:18 +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: June 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.
NIR AJ KUMAR Digitally signed by NIRAJ KUMAR RATHI
DN: c=IN, postalCode=560076, st=KARNATAKA, street=293 AND 322 3RD
FLOOR BRICKWORK RATINGS INDIA PVT LTD RAJ ALKAA PARK,KALENA
AGRAHARA, BANNERGHATTA ROAD KARNATAKA, l=BENGALURU URBAN,
o=BRICKWORK RATINGS INDIA PRIVATE LIMITED, ou=COMPANY,
RATHI serialNumber=3a14b9a64ba1027f9471ea7be2c4b4c46c2116fb54c5aa33aa4c
4d7490c50cec, pseudonym=71e2d68268f4684aee77adbee1612657,
2.5.4.20=2ab3c4f779008c5cf0d6f10a644a5b66f2fffe98879fceb8ac14a145814
4e1bd, email=NIRAJ.R@BRICKWORKRATINGS.COM, cn=NIRAJ KUMAR RATHI
Signature: Date: 2026.07.30 17:40:38 +05'30'
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 ob
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