Key Quantitative Figures
- QIP Amount Raised: ₹99,999.98 lakh (approximately)
- Total Net Proceeds (after issue expenses): ₹98,534.37 lakh
- Total Utilized as of June 30, 2026: ₹52,021.92 lakh
- Unutilized Balance: ₹46,512.45 lakh
Dates of Action
- Board Approval Date: June 29, 2024
- Shareholder Approval Date: August 5, 2024 (via postal ballot)
- Preliminary Placement Document: August 19, 2024
- Final Placement Document: August 22, 2024
- QIP Committee Approval: August 22, 2024
- Issue Open Date: August 19, 2024
- Issue Closing Date: August 22, 2024
- Date of Allotment: August 22, 2024
- Audit Committee Review Date: August 7, 2026
- Filing Date: August 10, 2026
Fund Utilization Breakdown
Original Objects and Utilization:
1. Funding capital expenditure for setting up manufacturing facilities:
- Allocated: ₹49,973.16 lakh
- Utilized till June 30, 2026: ₹8,117.62 lakh
- Status: No deviation
2. Pursuing inorganic initiatives:
- Allocated: ₹25,026.84 lakh
- Utilized till June 30, 2026: ₹25,026.84 lakh (fully utilized)
- Status: No deviation
3. General corporate purposes:
- Originally allocated: ₹23,499.98 lakh (as per placement document)
- Modified allocation: ₹23,534.37 lakh (after surplus adjustment)
- Utilized till June 30, 2026: ₹18,877.46 lakh
- Status: No deviation
Surplus Adjustment Details
- Estimated Issue Expenses: ₹1,500 lakh (as per placement document)
- Actual Issue Expenses: ₹1,465.61 lakh
- Surplus Amount: ₹34.39 lakh
- Adjustment: Surplus was added to General Corporate Purposes (GCP) allocation during quarter ended March 31, 2025
- Result: GCP allocation increased from ₹23,499.98 lakh to ₹23,534.37 lakh
Financial Impact
- No financial deviation from stated objects of the QIP issue
- All funds utilized according to original purposes with modified allocation only due to surplus from lower issue expenses
- Unutilized balance of ₹46,512.45 lakh remains in monitoring account