Copy of Monitoring Agency Report for the quarter ended March 31, 2026 is attached.
SANSERA · price
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Sansera Engineering submitted its quarterly monitoring report for QIP proceeds raised in October 2024 (Rs. 1,200 crore). ICRA Limited confirmed no deviation in fund utilization. Of the Rs. 1,200 crore raised, Rs. 944.29 crore has been utilized: Rs. 700 crore fully deployed for debt repayment, Rs. 92.59 crore for land acquisition (Rs. 7.41 crore pending), Rs. 100 crore for capex expansion (fully utilized), and Rs. 26.68 crore for general corporate purposes (primarily investments in renewable energy and associate company). The unutilized Rs. 255.71 crore is parked in fixed deposits with HDFC and Axis banks, earning interest. Land acquisition and general corporate purpose utilization have experienced delays, with full deployment expected in FY2026-27.
Shareholders can be reassured that QIP funds are being deployed as stated in the offer document with no material deviations. The significant unutilized balance earning ~6-7% in FDs suggests measured deployment pace, which is typical for planned capex and land acquisitions.