Hi-Tech Pipes Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

HITECH · price

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Price reaction · full curve 14 horizons · vs prior close

+0.5%1-day move

₹86.60

prior close

₹87.09

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.0-0.8-0.9-1.3+0.5+0.9+3.3+1.5-1.6+0.2+8.9-0.7——

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AI summary

Hi-Tech Pipes Limited filed its quarterly fund utilization statement for Q4 ended March 31, 2026. The company had raised Rs. 50,079 Lakhs (approximately Rs. 501 crore) via QP mode on October 11, 2024, with monitoring by CRISIL Ratings Limited. For this quarter, only Rs. 1,201.9 Lakhs was utilized out of the Rs. 14,000 Lakhs allocated for capital expenditure toward expansion at Sanand, Gujarat and a new unit in Andhra Pradesh. Rs. 25,000 Lakhs allocated for debt repayment remained unutilized. General corporate purposes allocation was slightly modified from Rs. 8,186 to Rs. 8,329 Lakhs. No deviation or variation in fund utilization was reported, with no comments from the Audit Committee or auditors.

Likely market impact

No immediate impact on shareholders expected. The absence of any deviation indicates proper deployment of funds as per disclosed objects. The low utilization this quarter (only Rs. 1,201.9 Lakhs out of Rs. 50,079 Lakhs raised) suggests capital expenditure projects are still in progress.