Fujiyama Power Systems Limited has submitted to the exchange the Monitoring Agency Report on utilisation of proceeds raised through issuance of equity shares by way of Public Issue for ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CARE Ratings Limited has submitted the monitoring agency report for Fujiyama Power Systems Limited's Rs. 600 crore IPO (issued November 13-17, 2025). The report covers the quarter ended March 31, 2026. As of Q4FY26 end, Rs. 533.37 crore (89%) of the IPO proceeds have been utilized: Rs. 124.52 crore towards the Ratlam manufacturing facility, Rs. 275 crore for debt repayment (fully utilized in prior quarter), Rs. 111.99 crore for general corporate purposes, and Rs. 21.86 crore for issue expenses. Rs. 66.63 crore remains unutilized, parked in fixed deposits with Yes Bank and monitoring accounts. The monitoring agency confirms no material deviations from the offer document objects. However, the project completion date has been extended from March 31, 2026 to June 30, 2026 as approved by the IPO committee.
The filing shows IPO funds are being deployed largely as planned with no misuse reported. The three-month schedule extension for the manufacturing facility may indicate slight implementation delays but is not a concern for fund accountability. Shareholders can note that 89% of IPO proceeds have been deployed and the unutilized Rs. 66.63 crore is safely parked in FDs earning 6.75-7% interest.