BSECompany Update3d ago · 17 Aug 2026, 11:57 am

Monitoring Report-June 30, 2026

Techno Electric & Engineering Company Ltd · 542141

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Techno Electric & Engineering Company Ltd has submitted a monitoring agency report for the quarter ended June 30, 2026, related to the utilization of proceeds from a QIP of Rs.1250 Crores. The report reveals a change in objects of the issuance, with revised allocations for investments in subsidiaries and EPC works.

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Growth Catalyst3/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10

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Techno Electric & Engineering Company Ltd - 542141 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report

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TECHNO ELECTRIC & ENGINEERING COMPANY LIMITED Corporate Office : 1B, Park Plaza, South Block, 71, Park Street, Kolkata - 700 016, India Tel. : (033) 4051-3000, Fax : (033) 4051-3326, E-mail : techno.email@techno.co.in ENGINEERS & CIN : L40108HR2005PLC142826 CONSTRUCTORS August 17, 2026 National Stock Exchange of India Ltd. | BSE Limited 5t floor, Exchange Plaza Department of Corporate Services Bandra — Kurla Complex Phiroze Jeejeebhoy Towers Bandra (East) Dalal Street, Mumbai - 400 051 Mumb—a 4i00 001 NSE SYMBOL : TECHNOE BSE CODE - 542141 Dear Sirs, Re: Report of the Monitoring Agency for Funds Raised through QIP - Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith the Report of the Monitoring Agency dated 14" August, 2026 issued by CARE Ratings Limited for the Quarter ended 30t June, 2026, in respect of the utilization of Proceeds of the Qualified Institutional Placement (QIP) of Rs.1250 Crores including issue expenses. Copy of the same is also being uploaded on the website of the Company at www.techno.co.in. This is for your information and records. Thanking you, Yours faithfully, For Techno Electric & Engineering Company Ltd. (Niranjan Brahma) Company Secretary (A-11652) Registered Office : 415/2, Mehrauli Gurgaon Road, 4" Floor, Sector-14, Gurgaon, Haryana-122001, Tel +91-12-44592550 (Reception) E-mail : techno.email @techno.co.in Visit us at : https://www.techno.co.in No. CARE/HRO/GEN/2026-27/1020 The Board of Directors Techno Electric & Engineering Company Limited 71, Park Street Park Plaza Kolkata – 700 016 August 14, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the QIP of Techno Electric & Engineering Company Limited (“the Company”) We write in our capacity of Monitoring Agency for the QIP Issue for the amount aggregating to ₹1,224.93 crore of the Company and refer to our duties cast under 173A 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 July 15, 2024. Request you to kindly take the same on records. Thanking you, Yours faithfully, Tej Kiran Ghattamaneni Associate Director tej.kiran@careedge.in CARE Ratings Limited 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Report of the Monitoring Agency Name of the issuer: Techno Electric & Engineering Company Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: Yes There has been a change in objects of the issuance pursuant to board resolution dated August 12, 2025. In line with the resolution, the Investment in the subsidiary NERES XVI Power Transmission Limited, and in NERGS-I Power Transmission Limited for funding EPC works for TBCB projects has been revised from ₹400 crore to ₹200 crore following the cancellation of the NERGS I project by the Government of India. The unutilized funds have been reallocated to Investment in Subsidiary, Techno Infra Developers Private Limited, for funding EPC works for data center situated in Chennai, thereby revising its allocation from ₹350 crore to ₹550 crore. The company has taken approval from board of directors for the same. (b) Range of Deviation: NA 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: Tej Kiran Designation of Authorized person/Signing Authority: Associate Director CARE Ratings Limited 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 1) Issuer Details: Name of the issuer : Techno Electric & Engineering Company Limited Name of the promoter : Padam Prakash Gupta Industry/sector to which it belongs : Civil Construction 2) Issue Details Issue Period : July 16, 2024 to July 19, 2024 Type of issue (public/rights) : Qualified Institutional Placement Type of specified securities : Equity Shares IPO Grading, if any : Not applicable Issue size (in crore) : ₹1,250 crore 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Comments of Source of information / certifications Comments of the the Particulars Reply considered by Monitoring Agency for Monitoring Agency Board of preparation of report Directors One of the project for NERGS I, for Approved which the company has raised ₹200 crore has been cancelled by Government of India. The company has utilized the amount Whether all utilization is as per the disclosures in the Offer CA Certificate*, Management Certificate, Bank No raised for NERGS I towards Techno Document? Statements Infra Developers Private Limited, for funding EPC works for data center situated in Chennai. The company has obtained Board approval for the required changes. Whether shareholder approval has been obtained in case of Not applicable Not applicable Not CA Certificate*, Management Certificate, material deviations# from expenditures disclosed in the Offer Applicable Board Resolution Document? The means of finance for the objects Approved Whether the means of finance for the disclosed objects of the CA Certificate*, Management Certificate and has been revised. The company has issue have changed? Board Resolution obtained Board approval for the required changes. NERGS-I project, for which ₹200 crore Approved Is there any major deviation observed over the earlier monitoring CA Certificate*, Management Cert [Showing first 8,000 characters — download PDF for full document]