Announced Sat, 25 Jul · 10:21 IST
QIP fund utilization report for Q1 FY27 shows project delays
Compliance View source PDF
SHAKTIPUMP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
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₹552.50
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₹533.00
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AI summary
Shakti Pumps submitted India Ratings monitoring report for QIP proceeds (Rs 2,000 Mn from March 2024 and Rs 2,926 Mn from July 2025) for Q1 FY27. Of Rs 4,926 Mn raised, about Rs 3,192.86 Mn utilized. Pithampur capacity expansion delayed; only 21.45 acres of 45.66 acres land acquired so far. The 2.2 GW solar cell and module project in subsidiary SESL also delayed to September 2027. Unutilized funds parked in bank fixed deposits. Payments of about Rs 31.77 Mn made to related party Shakti Construction flagged.
Likely market impact
Routine MA filing but flags capex delays and related party payments. Neutral to mildly negative.