Please find enclosed the disclosure regarding Monitoring Agency Report for the quarter ended 31st March, 2026.
CGPOWER · price
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CG Power submitted its quarterly monitoring report for the Rs 3,000 crore Qualified Institutions Placement (QIP) completed in June-July 2025. CARE Ratings, as monitoring agency, confirmed all QIP proceeds are being utilized as per the disclosed objects with no material deviations. Of the Rs 3,000 crore raised, Rs 380.80 crore has been deployed so far, with Rs 2,619.20 crore remaining. Key deployments include Rs 184.67 crore invested in semiconductor subsidiary CG Semi Private, Rs 119.87 crore towards power transformer plant, and Rs 50 crore invested in Axiro Semiconductor under general corporate purposes. The unutilized funds are parked in fixed deposits with SBI, HDFC Bank and Axis Bank plus SBI Liquid Fund. All projects remain on track with no delays.
The filing confirms proper utilization of QIP funds with no red flags for shareholders. The company is gradually deploying capital into strategic initiatives including semiconductor and power manufacturing sectors, with no deviation from stated objectives.