Le Travenues Technology Q2 Monitoring Agency Report Update

Total utilization stands at Rs 1,017.56 crore against an issue size of Rs 1,295.56 crore.
The company maintains a Rs 278 crore unutilized balance currently deployed in bank fixed deposits.

Reader Takeaway: Fund utilization shows no deviation from stated objects, with remaining capital earning a 7.57% fixed return.

What just happened

Le Travenues Technology Limited has released the Monitoring Agency Report from CARE Ratings for the quarter ended September 30, 2026. The report assesses the deployment of capital raised through the company’s preferential issue. CARE Ratings confirmed that the company is adhering to its original capital allocation plan with no observed deviations.

Why this matters

Transparency in capital expenditure is vital for shareholders to assess management efficiency. The report confirms that the company has fully utilized funds allocated for working capital and organic growth opportunities, while significant balances remain for inorganic growth and general corporate purposes.

Deployment of Funds

Of the total Rs 1,295.56 crore, the company has utilized Rs 1,017.56 crore. The remaining Rs 278 crore is held in a fixed deposit with HDFC Bank maturing on June 23, 2027, earning an interest rate of 7.57%.

Agency Observations and Notes

CARE Ratings noted limitations in independently verifying certain cash outflows for general corporate purposes and customer inducements. The agency relied upon certificates provided by the company’s Chartered Accountants and management representations to validate these expenditures. Investors should note that the monitoring agency engagement is limited in scope and relies heavily on third-party audit documentation provided by the firm.