Please find enclosed the disclosure regarding Monitoring Agency Report for the quarter ended 31st March, 2026.
CGPOWER · price
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CARE Ratings Limited, the monitoring agency for CG Power's Rs. 3,000 crore Qualified Institutions Placement (QIP) completed in July 2025, has submitted its report for Q4 FY26. Of the total proceeds, Rs. 380.80 crore (12.7%) has been utilized so far, with Rs. 2,619.20 crore remaining unutilized. The largest deployment is Rs. 1,062.85 crore allocated to CG Semi Private Limited for an Outsourced Semiconductor Assembly and Test (OSAT) facility, of which Rs. 184.67 crore has been spent. Rs. 856.98 crore is earmarked for a power transformer plant, with Rs. 119.87 crore deployed including Rs. 56.43 crore in Q4. Under general corporate purposes, Rs. 50 crore was invested in Axiro Semiconductor Private Limited. The unutilized funds are parked in fixed deposits with SBI, HDFC Bank, and Axis Bank totaling Rs. 2,473.63 crore, plus Rs. 143.62 crore in SBI Liquid Fund. No deviations from stated objects or delays were reported.
The filing shows that QIP fund utilization is proceeding on track with no deviations, which is positive for shareholder confidence. The significant unutilized balance parked in safe instruments provides clarity on deployment timeline. The Rs. 50 crore investment in semiconductor chip design subsidiary Axiro signals continued strategic focus on the semiconductor sector.