CG Power and Industrial Solutions Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
CGPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CG Power filed its quarterly compliance statement confirming no deviation or variation in the utilisation of Rs. 3,000 crore raised via Qualified Institutions Placement (QIP) in July 2025. Of the net proceeds of Rs. 2,973.97 crore (after Rs. 26.03 crore issue expenses), only Rs. 354.77 crore (about 12%) has been deployed so far. The largest allocation of Rs. 1,062.85 crore is for investment in subsidiary CG Semi Private Limited for an OSAT facility, with Rs. 184.67 crore utilised. The power transformer plant and land development received Rs. 255.20 crore of its Rs. 601.78 crore allocation, while acquisitions and general corporate purposes remain largely untouched at Rs. 0 and Rs. 50.23 crore respectively. CARE Ratings is the monitoring agency.
The absence of any formal deviation is reassuring for investors, but the low deployment rate (12% in 9 months) suggests the company is in early-stage capital deployment for its growth projects. Funds remain available for upcoming capex and acquisition phases.