Hitachi Energy India Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Hitachi Energy India has submitted its quarterly compliance filing confirming that there is no deviation in the use of proceeds from its Qualified Institutional Placement (QIP) conducted on March 13, 2025. The company raised Rs. 2,520.82 crore (net Rs. 2,476.29 crore) through the QIP. During Q4 FY26 (January-March 2026), the company utilized Rs. 469.66 crore primarily towards capital expenditure including capacity increase, equipment addition, and civil works. No funds were deployed for working capital or general corporate purposes during this quarter. The utilization is in line with the stated objects in the placement document. Crisil Ratings Limited is the monitoring agency for these funds.
This is a routine regulatory compliance filing with no concerns. The company is on track with its fund utilization plan for capacity expansion, which signals continued execution of growth projects. No shareholder action or stock impact expected from this filing.