BSECompany Update1d ago · 14 Aug 2026, 10:38 pm
Please find the attached Monitoring Agency report for the quarter ended June 30, 2026
Kingfa Science & Technology (India) Ltd-$ · 524019
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Kingfa Science & Technology (India) Ltd has submitted a Monitoring Agency Report for the quarter ended June 30, 2026, related to the utilization of issue proceeds for a preferential issue of Rs.500 crore.
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Kingfa Science & Technology (India) Ltd-$ - 524019 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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KINGFA/SE/2026-27 Date: 14/08/2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot No. C/1, G- Block, Corporate Relationship Department 1st Floor, New
Bandra –Kurla Complex, Bandra (East), Trading Ring, Rotunda Building, P.J. Towers, Dalal
Mumbai 400051 Street, Fort, Mumbai 400001
Scrip Code: 524019
Symbol: KINGFA
Subject: Monitoring Agency Report for the quarter ended June 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 June 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/2026-27/1134
The Board of Directors
Kingfa Science & Technology (India) Limited
Dhun Building,
3rd Floor, 827, Mount Road,
Madras, Tamilnadu,
India – 600002
August 14, 2026
Dear Sir,
Monitoring Agency Report for the quarter ended June 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 June 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: June 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*
Whether all utilization is as per the Management Certificate KSTIL utilized Rs.7.93 crore towards
Yes No comments
disclosures in the Offer Document? Bank Statement objects of the issue during Q1FY27.
Sample Invoices
Whether shareholder approval has been
CA Certificate*
obtained in case of material deviations#
Not applicable Management Certificate Not applicable No comments
from expenditures disclosed in the Offer
Bank Statement
Document?
Whether the means of finance for the
No Management Certificate No No comments
disclosed objects of the issue have changed?
Management Certificate
Is there any major deviation observed over
No Monitoring Agency Report (dated May No deviations observed No comments
the earlier monitoring agency reports?
13, 2026)
Government/statutory
Whether all Government/statutory Government/statutory approvals (if
approvals (if required) related
approvals related to the object(s) have been Management Certificate required) related to any object will No comments
to any object will be obtained
obtained? be obtained as and when required
as and when required
Whether all arrangements pertaining to Not applicable Management Certificate Not applicable No comments
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
technical assistance/collaboration are in
operation?
Are there any favorable/unfavorable events
No Management Certificate Nil None
affecting the viability of these object(s)?
Is there any other relevant information that
may materially affect the decision making of No Management Certificate Nil None
the investors?
* Chartered Accountant certificate from M/s. P G Bhagwat LLP dated July 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 Comments
(as per the Particulars of
Sr. Item certifications considered Cost of the
Offer Reason for cost Proposed -firm
No Head by Monitoring Agency for in Rs. Monitoring
Document) in revision financing option arrangements
preparation of report Crore Agency
Rs. Crore made
Phase 2 Factory/Phase II No Change in
EGM Notice, Management
1 Building Construction-at 187.00 NA Cost. NA NA
certificate, CA Certificate*
Chakan, Pune
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