KAYNES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kaynes Technology India filed its Q4 FY26 monitoring agency reports covering two Qualified Institutional Placements (QIPs). The December 2023 QIP (INR 1,374 crore net proceeds, monitored by ICRA) is 90.4% utilized, with INR 131.73 crore remaining parked in fixed deposits with Canara Bank and Federal Bank. The OSAT facility is 82.6% funded while the PCB facility and General Corporate Purpose allocations are fully deployed. GCP funds were used for land purchase in Pune, acquisitions of US companies (Digicom Electronics, Mixx Technologies, Essnkay Electronics, August Electronics), and investments in Iskraemeco and Sensonic GmbH. The June 2025 QIP (INR 1,600 crore gross proceeds, monitored by CRISIL) is 88.1% utilized with INR 1,890.53 crore remaining. All debt repayment (INR 841.26 crore) was completed in September 2025, and INR 1,228.42 crore of the INR 1,600 crore inorganic growth fund has been deployed.
Both monitoring agencies confirm no material deviations from stated use of proceeds. The significant unutilized balance from the 2025 QIP (INR 1,890.53 crore) indicates ongoing deployment toward acquisitions and working capital, which could drive future growth but may weigh on near-term returns.