Announced Tue, 27 Oct, 2026 · 17:21 IST
QIP proceeds used as planned; Rs 4,255.76 million remained unutilised
NETWEB · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
CRISIL's QIP monitoring report for the quarter ended September 30, 2026 found no deviation in the use of proceeds. Of the Rs 12,000 million raised, Rs 7,744.24 million was used, including Rs 7,667.45 million for working capital and Rs 76.79 million for issue expenses. No general corporate spending was reported.
Likely market impact
No deviation or delay is reassuring for shareholders. The likely stock impact is limited, with Rs 4,255.76 million still unutilised at quarter-end.