KAYNES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kaynes Technology India Limited has filed a nil-deviation statement confirming that funds from two Qualified Institutional Placements (QIPs) were utilised as intended. The first QIP (December 2023) raised approximately Rs. 1,400 crore with Rs. 12,422.68 million deployed out of Rs. 13,740 million allocated, primarily for OSAT and PCB manufacturing facilities and general corporate purposes. The second QIP (June 2025) raised approximately Rs. 1,600 crore with Rs. 13,874.32 million deployed out of Rs. 15,749.66 million allocated, mainly for debt repayment, working capital, and inorganic growth including acquisitions. Both placements have no deviations or variations to report. Monitoring agencies ICRA and CRISIL confirmed no deviations. The Audit Committee and Board reviewed the report on May 13, 2026.
This is a positive compliance filing indicating proper fund utilisation without deviations. The company has deployed funds largely as promised to investors, with unutilised amounts safely parked in bank deposits and permitted investments. This reinforces governance standards and investor confidence.