Key Quantitative Figures

  • QIP Amount Raised: ₹1,999,99,95,000 (₹2,000 crore approximately)
  • Date of Fund Raising: 1st June, 2026
  • Reporting Quarter: Ended 30th September, 2026
  • Monitoring Agency: CRISIL Ratings Limited

Fund Utilization Details

Original vs Actual Utilization (₹ in lakhs):

  • Debt Repayment Object:
  • Original Allocation: 150,000.00
  • Modified Allocation: 150,000.00
  • Funds Utilized: 150,000.00
  • Deviation: None
  • General Corporate Purposes:
  • Original Allocation: 46,461.61
  • Modified Allocation: 46,590.09
  • Funds Utilized: 46,590.09
  • Issue Expenses:
  • Original Allocation: 3,538.34
  • Modified Allocation: 3,409.86
  • Funds Utilized: 3,409.86
  • Total Funds:
  • Original Total: 1,99,999.95
  • Modified Total: 1,99,999.95
  • Total Utilized: 1,99,999.95

Deviation Explanation

During the quarter ended 30th September, 2026, actual utilization towards offer-related expenses was ₹128.48 lakhs less than the estimated amount disclosed in the Placement Document. This surplus amount was transferred to General Corporate Purposes (GCP), resulting in:

  • Increase in GCP allocation to ₹46,590.09 lakhs
  • The amount utilized for GCP does not exceed 25% of the Gross Proceeds (₹49,999.99 lakhs) from the Issue

Regulatory Compliance Status

  • Deviation/Variation: No
  • Shareholder Approval Requirement: Not Applicable
  • Audit Committee Comments: None
  • Auditor Comments: None

Future Reporting

Signatories and Dates

  • Company Secretary: Shainshad Aduvanni (Digitally signed on 28th October, 2026)
  • Chief Financial Officer: C.B. Chandrasekar
  • Filing Date: 28th October, 2026